Virtual Workshop on Meeting Environmental Objectives Through Energy Sector Reforms in Asia and the Pacific: Energy Pricing Reforms and Emissions Reduction
Energy prices are usually controlled or subsidized in developing Asian and Pacific economies to reduce energy costs to low-income consumers and firms. Energy pricing reforms have emerged as one of the regions’ most important policy challenges and opportunities given their potential to advance climate change mitigation and green growth.
Energy pricing reforms could help reduce government expenditure on energy subsidies, which in developing Asia and the Pacific can range between 2-4% of GDP. They could also promote investment in renewable energy and energy efficiency improvements, reducing greenhouse gas emissions.
This ADBI webinar will feature research on the short and long-term costs and benefits of energy pricing reforms for developing Asian and Pacific economies, including liberalization, privatization, and enhanced competition related to energy generation, transmission, and distribution. It will also explore how regional lessons learned can guide the implementation of energy reforms and realization of environmental objectives.