the role of the asia pacific region in supporting the 1.5

Meg Argyriou, Head of International Programs

The role of the Asia Pacific region in supporting the 1.5°C report and its implications

Founded in 2009 through a partnership with The Myer Foundation and Monash University and working within the Monash Sustainable Development Institute.

APCW, 2 September 2019

CLIMATEWORKSAUSTRALIA.ORG | 2

ClimateWorks Australia aims to accelerate the transition to net

zero emissions, in line with 1.5 degrees

● Founded by Monash

University & philanthropy.

● Expert, independent

advisers.

● Impact driven.

● Partnership approach.


Source: http://climateactiontracker.org/global.html

Clearly we are not on track to solve climate change


“The global climate crisis is arguably the biggest challenge human civilisation faces in the 21st century, with the Asia and Pacific region at the heart of it all.”

Bambang Susantono

vice-president for Knowledge Management and Sustainable Development, ADB


Asia Pacific’s dependence on fossil fuels remains a key threat to global climate action


Fossil fuels have delivered substantial socio-economic benefits to Asia Pacific in recent decades.


There is no sustained economic growth story for the 21st century that is powered by fossil fuels.


“This is our ‘use it or lose it’ moment: the decisions we take over the next 2-3 years will determine our growth and climate future.”

Global Commission on the Economy and Climate, 2018


“Low-carbon growth could deliver economic benefits of US$26 trillion to 2030—and this is a conservative estimate.”Global Commission on the Economy and Climate, 2018


“Indonesia can deliver real economic

and social progress, while preserving

its natural resources and biodiversity.

This is the sustainable and inclusive

growth story for the 21st century”

Source: Low-carbon Development Initiative: A paradigm

shift towards a green economy in Indonesia

A Strong, Equitable, Low Carbon Economy for IndonesiaBenefits of LCDI High Scenario compared

with Base case


The ‘four pillars’ of deep decarbonisation


The global market size for low carbon technologies will continue to rapidly expand


Asia is already ahead in the global green race


Deployment of renewable energies can create jobs

Note: Bars reflect the lower and upper bound of jobs created. Source: Vivid Economics, Wei, Patadia and Kammen

(2010)


A low-carbon industrial strategy can deliver benefits to

governments, businesses and society

Governments achieve multiple policy goals

Improved fiscal position through reduced spending on fiscal subsidies

Electrification

Energy security from local sourcing of renewable energy

Lower import bill from local sourcing of renewable energy

Improved access to FDI

New Export Markets

Reduced costs from energy efficiency measures

Productivity boost from Energy Efficiency

Reduced risk of stranded assets

Jobs Opportunities

Better quality of life due to reduced pollution

Improved employment outcomes as health and productivity increase due to reduced air pollution

Businesses increase long-term profits

Society is healthier and happier

Source: Vivid Economics


Our recent research shows that SE Asia’s middle income economies all have clear opportunities for green industrial growth

Indonesia

● Wind turbines

● Geothermal

● Industrial energy efficiency

● Energy storage

Vietnam

● Smart grids

● Solar PV

● Energy storage

Philippines

● Lighting

● Solar PV

● Energy storage


Countries can create a successful low-carbon strategy at every

stage of their development


There’s a clear economic rationale to support government intervention in low carbon industries


MISSION POSSIBLE

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@ClimateWorksAus ClimateWorks Australia

Since ClimateWorks’ launch in 2009 through a partnership between The Myer Foundation and Monash University, philanthropic support has been key to achieving our mission ofcatalysing Australia’s transition to a prosperous, net zero emissions future. This support continues to allow us to remain truly independent, evidence-based and non-partisan.

Meg ArgyriouHead of International [email protected]

www.climateworksaustralia.org/international-program

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the role of the asia pacific region in supporting the 1.5

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