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ADB Report on Asia in the Global Transition to Net Zero

The Centre for Social and Economic Progress is delighted to host a Seminar to discuss the ADB Report on Asia in the Global Transition to Net Zero on Tuesday, September 05, 2023, 04:00 pm – 06:00 pm IST. Attendees may join in-person at the CSEP Auditorium (6 Jose P Rizal Marg, 2nd Floor, Chanakyapuri, New Delhi – 110021) or online via Zoom. The seminar will also be streamed live on YouTube.

Asia in the Global Transition to Net Zero explores what a global net-zero transition could mean for developing Asia. It models emission pathways based on commitments and pledges under the Paris Agreement and compares them with more optimal routes to net-zero. The pathways considered will require dramatic transformations in energy and land use, with wide ranging implications.

The report finds that early action and international coordination are critical to ensure a low-cost and equitable net-zero transition. With efficient policies, the benefits of the transition from averted climate damages and improved air quality could outweigh climate mitigation costs by five times. Conversely, if policies are not carefully designed, some economies, industries, communities, and populations could be adversely affected. Yet, failure to address the climate crisis would have consequences that would be even more regressive. To avoid these outcomes, deep decarbonisation is needed.