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Asia – Pacific

27 October 2022 @ 8:30 - 9:30

INNOVATIVE FINANCING FOR THE DECARBONIZATION IN THE ASIA-PACIFIC REGION

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Abstract

South East Asian and Pacific islands face enormous challenges to finance projects that are essential for sustainable development and to reach self-sufficiency. Pollution often reaches dramatic levels, compromising citizens’ health and also the tourism sector, which is the primary source of income for islands. For example, Boracay island, one of the most famous touristic destinations in the Philippines, had to be closed in order to recover from excessive air and water pollution. Innovative public and private financing mechanisms are needed to help developing islands overcome these challenges and richer countries to reach the climate targets they have put forth in the Nationally Determined Contributions (NDCs). The webinar will explore the potential of carbon credits and cooperative implementation of NDCs through cross-border emissions trading to finance projects to accelerate islands’ sustainable transition, in particular for poorer islands.

Agenda (CEST Time)

08.30 Introduction & Moderation

Francesco Luise – Observatory Technical Coordinator, Greening the island

08.40 Round table with the following

Keynote speaker:

Michele Governatori – Coordinator of the Scientific Committee, Worldwide Carbon Price

Panelists:

Akuila Tawake – Deputy Director – Georesources and Energy Programme, Pacific Community
Techi Cappellan – President Philippine Solar PV Association
Atty Jonas R. Leones – Undersecretary for Environment and International Environment Affairs (DENR), Philippines