Trade and Investment Policies to Promote Climate Friendly Technologies in APEC Economies
Climate Friendly Technologies (CFT) reduces the emissions of greenhouse gases (GHG) by reducing the carbon content of economic activity. Climate change due to greenhouse gases is expected to affect many sectors, and present risks to many Asia-Pacif...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/01/16336367/trade-investment-policies-promote-climate-friendly-technologies-apec-economies http://hdl.handle.net/10986/13038 |
| Summary: | Climate Friendly Technologies (CFT)
reduces the emissions of greenhouse gases (GHG) by reducing
the carbon content of economic activity. Climate change due
to greenhouse gases is expected to affect many sectors, and
present risks to many Asia-Pacific Economic Cooperation
(APEC) economies in Asia. These risks include falling
freshwater availability, rainfall volatility, frequent
hurricanes and droughts, and a greater risk of coastal
flooding. All these will cause significant negative impacts
on APEC member economies. Given that APEC economies account
for more than half of global GHG emissions, the adoption of
emissions reducing CFTs in this region is critically
important for the global emissions mitigation agenda. This
report, first, describes the wide range of different CFTs
already in use in middle-income APEC economies and their
potential. As such, it is a comprehensive reference on CFTs
that are used and produced in middle-income APEC economies,
and on the factors that have contributed to their uptake,
including domestic Foreign Direct Investment (FDI)
legislation and energy security policies. This report
combines regional reviews and analyses with country level
analyses of China, Indonesia, Thailand, and Vietnam. Second,
it discusses the potential of further use and production of
CFTs in APEC economies and the challenges facing their
adoption. Third, it attempts to identify CFTs that have the
most potential for further use. For example, this report
identifies wind power technologies in Thailand as one of two
CFTs with the most potential for further expansion of
installed capacity and that may benefit the most from
targeted trade and investment policies. Finally, the report
addresses issues concerning the design of effective
technology-based policies that support economic development
through the adoption of CFTs. First, this will require a
substantial mobilization of international investments in
CFTs. An additional US$ 200 billion annually by 2030 is the
estimated level of investment required to return GHG
emissions to current levels. |
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