The Asian Development Bank South East Asia Development Symposium 2023: Imagining a Net Zero ASEAN was held on 30th March 2023 in Bali, Indonesia.
Nusantara, the upcoming capital of Indonesia was one of the highlights.
Two breakout sessions of interest:
14:00–15:30 | Designing Resilient and Net Zero Cities of Tomorrow | ADB and Arup moderated by Dina Gurning, News Anchor and Journalist, CNBC Indonesia
16:00–17:30 | Opportunities for Transitions and Decarbonization Pathways in Southeast Asia | ADB and Climate Bonds Initiative moderated by Sean Kidney, CEO, Climate Bonds Initiative
Notes: For the event, agenda click here.
The symposium was successfully conducted with a closing networking event for participants.
Attended as Crypto Valley Malaysia representative.
Ride The Tide
Caught this scene while strolling the beach at Nusa Dua, Bali, Indonesia:
If you want to ride the tide, you need to be in the water before the waves come.
How Tze, Nusa Dua, Bali, Indonesia, 29th March 2023
That makes you a good surfer.
With the right knowledge and skills, of course.
The notes taken during the Asian Development Bank South East Asia Development Symposium 2023: Imagining a Net Zero ASEAN:
Financial Institution <> Exchange <> Real Economy
Apex of financial food chain – asset owner
Philanthrocapitalism or philanthropic capitalism – a way of doing philanthropy, which mirrors the way that business is done in the for-profit world.
ASEAN Power Grid (carbon credit) – Cross-ministerial, Finance & Energy & Trade
Global value chain
Blended (or Orchestrated?) financing – ADB provides an average of more than $30 billion annual assistance to its developing member countries. https://www.trade.gov/adb
Asset Manager -> Digital Twin -> From construction to handover.
AI & Machine Learning (ML) – Waste management, example: optimization of collection route ~ 61 minutes per trip savings.
Incentivization /carrot – There is a path to revenue.
Successful – where like-minded people are put together.
The sustainability need to be sustainable.
Embrace change at scale (benefit of network):
- Transformative knowledge
- Provide opportunities at scale, aggregate demand that we can scale solutions
Jumpstart financing. Development Bank – 600+ development finance institutions.
Collective voluntary initiatives.
SME transition plan – pressure from equity / bond holder, start from indirect engagement, e.g.: supply chain of big companies.
The capital is there if we give the right solution.
Be consistent in narrative, policy & action.
