Panel Discussion

Yongping Zhai and Preety Bhandari emphasized that while institutions such as ADB can help mobilize financing towards low carbon and climate resilient development, the bulk of climate financing originates in countries where they are deployed. Ultimately, the greater role will lie on governments in ensuring that national policies are in place so that national budgets are allocated towards this purpose and incentives are provided to the private sector to channel funds in the right direction.

Remarks

In his remarks, James Lynch highlighted the need for new approaches and integrated solutions to achieve carbon neutrality in the region, generate new revenues from renewable energy, and channel more private investments into research and development.

James Lynch

James Lynch was the Director General of the East Asia Department of Asian Development Bank (ADB) in Manila, Philippines. He assumed office in February 2020.

Mr. Lynch managed ADB’s sovereign operations in the People’s Republic of China and Mongolia across multiple sectors and thematic areas, including transport, energy, environment, climate change, health, education, and public finance. He was also responsible for ADB’s relations with Hong Kong, China; Republic of Korea; and Taipei, China.

Sustainable Energy: Carbon Neutrality and Renewables in Asia-Pacific - The Legal Response

Sanjay Upadhyay discussed about the United Nations Sustainable Energy for All Initiative, the sustainable development goals, and the concept of carbon neutrality. He described the current energy pattern in the Asia Pacific region and noted the drafting of renewable energy laws across the region. He also highlighted the challenges in developing renewable energy sources.