Registration Form Click to register

Time of Event

10:00–11:00 Tokyo time

Summary

Green industrial policies are strategies and initiatives implemented by governments to drive the transition to a low-carbon economy and foster the development of green technologies and industries for more environmentally sustainable growth. They can include a range of measures, such as incentives for clean energy production, regulations on emissions, subsidies for renewable energy technologies, and support for green infrastructure projects.

The Inflation Reduction Act (IRA), adopted in 2022 by the Government of the United States, is an example of a green industrial policy that unlocked climate investments in the United States. In addition, it has a surprising positive impact globally as investment funds with a sustainability mandate received more inflows from investors after the announcement of the IRA. In turn, these sustainable funds increased their cross-border investments to Asia and the Pacific.

Episode 6 of the Webinar Series on the Economics of Climate Change will (i) explore how industrial policies can have a positive impact beyond the country where they are implemented and (ii) demonstrate that countries with more ambitious climate policies are better positioned to attract foreign climate finance flows.

Objectives

• Enhance understanding on the importance of strengthening climate policies to attract foreign private capital for green investments
• Discuss strategies for policymakers to unlock sustainable investment opportunities and mitigate transition and physical risks

Target Participants

Output

• Increased awareness on the positive externalities of strengthening  climate policies across Asia and the Pacific to harness international spillovers of green industrial policies and attract global investment funds 
• Policy dialogue and networking among various government institutions, regulators, the private sector, and international organizations on enhancing climate policies