The Subsidy Swap in Asia: Reforming Fossil Fuel and Electricity Subsidies to Drive a Renewable Revolution
Subsidies continue to support fossil fuel use in countries around the world, increasing demand and holding back the deployment of clean energy – renewables and energy efficiency technologies. The reform of fossil fuel subsidies along with increased environmental taxation has an impact on the energy mix sending a clear signal to investors. The reallocation of revenues from subsidy reform savings and increased environmental taxation to support clean energy deployment, a subsidy “swap”, offers the potential to accelerate the clean energy transition.
These clean energy subsidy swaps are starting to be implemented and considered in many countries. This workshop will explore how policymakers are designing fossil fuel subsidy reforms to promote a clean energy transition through the scale-up of clean energy supply chains and finance in Emerging and other developing economies and how public money from subsidy reform or increased fossil fuel taxation can be used to leverage the private sector investment in clean energy vital to this scale-up.
16:00 Opening remarks
16:05 Swapping from fossil fuel subsidies to clean energy, Richard Bridle, Senior Policy Advisor, IISD
The economic, social and environmental case for swapping subsidies from fossil fuels to renewable energy, global progress to date and scaling up
16:20 Presentations: Fossil fuel Subsidy Reform and the Clean Energy Revolution: Focus on India
Shalu Agrawal, Programme Lead (Power Sector) CEEW
Balasubramanian Viswanathan, Energy Policy Consultant, Global Subsidies Initiative (GSI) International Institute for Sustainable Development (IISD)
16:50 Presentations and Panel discussion: Subsidy reforms and the clean energy revolution.
Speakers from India, Indonesia, World Bank, ADB and IISD
Mr. Ir. Sutijastoto, Director General of New, Renewable, and Energy Conservation Ministry of Energy and Mineral Resources The Republic of Indonesia
Arun Kumar, Chief Executive Officer, Kreate Group
16:20 Wrap up and conclusions from the Chair
Mr. Ir. Sutijastoto,
Director General of New, Renewable, and Energy Conservation Ministry of Energy and Mineral Resources The Republic of Indonesia
Programme Lead (Power Sector) Council on Energy, Environment and Water (CEEW)
Senior Policy Advisor and Lead, Renewable Energy, IISD
CEO of Kreate Group
Aloysius Damar Pranadi
Research Analyst at ASEAN Centre for Energy
Please register here.