Southeast Asia is probably one of the world’s most weak regions to the impacts of climate change. Climate impacts in the area continue to grow extra severe, disproportionately affecting weak communities, and placing tens of millions vulnerable to being thrown again into excessive poverty.
In response, countries in Southeast Asia have committed to decarbonization, with eight out of 10 member states of the Association of Southeast Asian Nations (ASEAN) at COP26 pledging to realize net-zero targets by 2050. Many non-state actors have additionally made strong net-zero commitments. This alignment presents alternatives for partnership that may potentially accelerate a sustainable and simply transition to a low-carbon future for ASEAN.
The Asian Development Bank’s (ADB) fourth Southeast Asia Development Symposium (SEADS): Imagining a Net-Zero ASEAN, on 30 March in Bali, Indonesia will deliver collectively decision-makers, innovators, and climate leaders from government, trade, academia, and the development sector to discuss practical methods to achieve carbon neutrality by 2050.
The hybrid event might be held in-person at the Bali International Convention Center at The Westin Resort Nusa Dua, with a simultaneous broadcast on-line. A total of 500 in-person and more than 5,000 virtual members are expected.
SEADS 2023 builds on the successes of Indonesia’s G20 presidency in 2022, which placed the worldwide transition towards a low-carbon economic system at the forefront of the agenda. It is a key side-event of the ASEAN Finance Ministers and Central Bank Governors’ Meeting on 28–31 March, additionally in Bali.
ADB President Masatsugu Asakawa will provide welcoming remarks at SEADS 2023. President Asakawa has noted the urgent need for local weather motion in Asia and the Pacific, and underneath his leadership, ADB has raised its ambition to $100 billion in cumulative local weather finance to its creating member international locations through 2030.
Indonesia Minister of Finance Sri Mulyani Indrawati will provide the opening keynote tackle. Indonesia has made strong net-zero commitments and is a climate chief in Southeast Asia. It has partnered with ADB to help the Energy Transition Mechanism, which is in a position to speed up the country’s shift to a low-carbon future in a just and reasonably priced manner.
Other morning keynote audio system offering unique perspectives on tackling the climate disaster include: United Nations Deputy Secretary-General Amina J. Mohammed, a leader in implementing the sustainable improvement agenda; India’s G20 Sherpa Amitabh Kant, a dynamic promoter of a round economy to handle climate impacts; US Department of Energy Deputy Secretary David Turk, a proponent of unpolluted energy innovation; and Climate Bonds Initiative Chief Executive Officer (CEO) Sean Kidney, a champion of sustainable finance.
Bloomberg TV Anchor and Chief Markets Editor David Ingles will average the plenary panel discussion, Financing Net Zero, which can explore measures to bridge the gap in climate financing and enable international locations in ASEAN to realize web zero and the Sustainable Development Goals. Panelists embody ADB Vice-President (Operations 2) for East Asia, Southeast Asia, and the Pacific Ahmed M. Saeed; Philippine Central Bank (BSP) Governor Felipe Medalla; Climate Investment Funds CEO Mafalda Duarte; Glasgow Financial Alliance for Net Zero Asia–Pacific Network Managing Director Yuki Yasui; and Singapore Exchange Managing Director, Head of Sustainability and Sustainable Finance Herry Cho.
The afternoon agenda will function keynote talks from Nusantara National Capital Authority Chairman Bambang Susantono; United Nations Environment Programme Asia and the Pacific Office Regional Director and Representative Dechen Tsering; and Visa’s Chief Sustainability Officer Douglas Sabo.
Nine thematic breakout sessions will give consideration to deploying know-how in climate change mitigation and adaptation; designing low-carbon and climate-resilient cities; shifting to clean energy; guaranteeing an inclusive net-zero ASEAN financial system; minimizing climate effects on health and well being care supply; guaranteeing the blue economic system leads to web zero; mobilizing finance for net zero; reimagining ecotourism; and deploying the cloud to meet climate goals.
No obligation will launch a brand new ADB report, Global Value Chains in Southeast Asia: Building Resilience and Sustainability, which supplies actionable insights for strengthening the region’s value chain resilience against climate impacts.
ADB Southeast Asia Department Director General Ramesh Subramaniam will focus on insights from the report in a fireside chat.
ADB SEADS 2023 might be a low-carbon event, with lower than 10% of members traveling to the sustainable venue. It is partnering with the Green Steps Group to observe the event’s carbon footprint and ensure full carbon offset by way of the planting of equivalent forest cowl.
To take part in SEADS 2023, register on-line. Virtual participation has no deadline. Registration is free.
For common updates, go to the SEADS website and subscribe to the SEADS newsletter.
SEADS 2023 is co-organized with the ASEAN Catalytic Green Finance Facility (ACGF) and supported by 17 outreach companions and 12 media networks..