The Subsidy Swap in Asia: Reforming Fossil Fuel and Electricity Subsidies to Drive a Renewable Revolution 17 June 2019 Philippines An Asia Clean Energy Forum (ACEF) 2019 Deep Dive Workshop Subsidies continue to support fossil fuel use in countries around the world, increasing demand and holding back the deployment of clean energy – renewables and energy efficiency technologies. The reform of fossil fuel subsidies along with increased environmental taxation has an impact on the energy mix sending a clear signal to investors. The reallocation of revenues from subsidy reform savings and increased environmental taxation to support clean energy deployment, a subsidy “swap”, offers the potential to accelerate the clean energy transition. These clean energy subsidy swaps are starting to be implemented and considered in many countries. This workshop will explore how policymakers are designing fossil fuel subsidy reforms to promote a clean energy transition through the scale-up of clean energy supply chains and finance in Emerging and other developing economies and how public money from subsidy reform or increased fossil fuel taxation can be used to leverage the private sector investment in clean energy vital to this scale-up. Program and Learning Materials 17 June 2019 Session / Activity Title Speaker(s) Swapping from Fossil Fuel Subsidies to Clean Energy Reforming Fossil Fuel and Electricity Subsidies to Drive a Renewable Revolution This presentation discussed the economic, social, and environmental case for swapping subsidies from fossil fuels to renewable energy, and the… Richard Bridle Fossil Fuel Subsidy Reform and the Clean Energy Revolution: Focus on India Avenues for Subsidy Swap in India – Insights from the ACCESS Surveys The Access to Clean Cooking Energy and Electricity - Survey of States is a survey carried out in 2015 covering more than 9000 rural households in the… Shalu Agrawal Fossil Fuel Subsidy Reform and the Clean Energy Revolution: Focus on India Subsidy Swaps: Stories from India This presentation gave an overview of India's energy subsidies inventory and trends between 2014 and 2017. It also showcased a concept for a kerosene… Balasubramanian Viswanathan Subsidy Reforms and the Clean Energy Revolution Subsidy Reforms and the Clean Energy Revolution This presentation gave an overview of fossil fuel subsidy in India's power sector, and why such a subsidy was necessary to provide the mass… Arun Kumar Subsidy Reforms and the Clean Energy Revolution ASEAN Feed in Tariff and Subsidy Reform This presentation discussed renewable energy policies and incentives in the ASEAN, zeroing in on Feed-in-Tariff in the region. It also discussed key… Aloysius Damar Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Event Coordinator/s Mostafa Mostafa Related Full Agenda ADB Organizer/s Energy Sector Office Partner Organization/s International Institute for Sustainable Development (IISD) Topics Energy