Carbon Pricing in Southeast and East Asia and COVID-19 response

IEA, ICAP & KAS RECAP are hosting a closed online workshop titled: Carbon Pricing in Southeast and East Asia and COVID-19 response: Issues and opportunities for ensuring a sustainable and low-carbon energy development. The Objective: Carbon pricing policies form a crucial tool to deliver on the ambitious goals of the Paris Agreement and avoid the costs of carbon lock-ins. In the past years, numerous jurisdictions in Southeast and East Asia have either adopted or are in the process of establishing a carbon price to reduce GHG emissions and to decarbonize electricity and industry sectors. The COVID-19 crisis and its global economic and geopolitical consequences, have introduced new challenges to global low-carbon transitions. This is occurring at time when the window for climate action is closing rapidly, while massive investments in low-carbon energy technologies and systems are urgently needed. In this workshop, experts and policymakers will present the state of play of carbon pricing in the region, analyze interactions between the latest climate and energy policy signals against the background of new market dynamics and green recovery plans, and discuss the opportunities for cost-effective low-carbon transitions in the years ahead with a focus on the power sector. The outcome of this workshop will be shared in a short report which will be distributed among the participants. Furthermore, the partners expect to host a physical workshop in Thailand (December 2020, subject to the current context/conditions) in order to conclude the present state of the global low carbon transition in those regions. The event is a closed virtual workshop. Will be held on 15th and 16th of July, 2020. Please note that participation is only by personal invitation.