AGENDA
9–10 July 2025 | Tokyo, Japan
Day 1: 9 July 2025, Wednesday
8:40 – 9:20
Registration and coffee
9:20 – 9:25
Welcome Remarks
Arief Ramayandi, Senior Research Fellow, Asian Development Bank Institute (ADBI)
9:25 – 9:30
Opening Remarks
Bambang Brodjonegoro, Dean and CEO, ADBI
9:30 – 10:10
Keynote Speech
Shamshad Akhtar, Chairperson, Board of Directors, Pakistan Stock Exchange (former Finance Minister of Pakistan and former Governor of the Central Bank of Pakistan)
“Debt, climate, and development in the Asia Pacific: Breaking the vicious circle”
10:10 – 10:20
Group Photo
10:20 – 12:20
Session I. Fiscal Resilience and Climate Action
Chair: Agnes Surry, Deputy Head of Capacity Building and Training and Senior Economist, ADBI
10:20 – 11:00
Paper 1: Climate Vulnerability and Fiscal Sustainability: Assessing the Revenue and Expenditure Trade-offs in Asia (2001-2021)
11:00 – 11:40
Paper 2: Linking Fiscal Strength to Climate Action: Evidence from Environmental Fiscal Instruments and Threshold Effects in Asia-Pacific
11:40 –12:20
Paper 3: Climate Awareness and Digitalization: A Cross-Country Panel Analysis and Fiscal Policy Implications
12:20 – 13:30
Lunch Break
13:30– 15:30
Session II. Mainstreaming Climate-related Fiscal Policies and Impacts
Chair: Arief Ramayandi, Senior Research Fellow, ADBI
13:30 – 14:10
Paper 4: Advancing Sustainable Public Procurement in Asia and the Pacific
14:10 – 14:50
Paper 5: Do Climate Budget Reforms Move the Needle? Panel and Synthetic Evidence from Asia and the Pacific
14:50 – 15:30
Paper 6: The Fiscal Impact of China’s ETS Pilot Programs
15:30 – 16:00
Coffee Break
16:00 – 17:00
Session III. Panel Discussion: Fiscal Policy Challenges and Climate Goals
Moderator:
Ulrich Volz, Professor of Economics and Director of the Centre for Sustainable Finance, SOAS, University of London
Panelists:
Boby Wahyu Hernawan, Director of Center for Climate Finance and Multilateral Policy, Indonesia
Hamza Malik, Director, Macroeconomic Policy and Financing for Development Division, UNESCAP
Naoko Ishii, Director, Center for Global Commons / Project Professor, Institute for Future Initiatives, University of Tokyo
Open Floor Discussion
18:00
Welcome Dinner
Day 2: 10 July, Thursday
9:30 – 10:00
Registration and coffee
10:00 – 11:00
Session IV. Panel Discussion: Macroeconomic Policy Coordination for Climate Action
Moderator:
John Beirne, Principal Economist, ADB
Panelists:
Abdul Abiad, Director of Macroeconomics Research Division, ADB
Fauziah Zen, Senior Economist, Economic Research Institute for ASEAN and East Asia
Sayuri Shirai, Professor of Economics, Keio University (former Board Member, Bank of Japan)
Open Floor Discussion
11:00 – 11:40
Keynote Speech
Naoko Ishii, Director, Center for Global Commons / Project Professor, Institute for Future Initiatives, University of Tokyo
11:40 – 13:00
Lunch Break
13:00 – 16:00
Session V. Fiscal Policy and Carbon Emissions
Chair: Donghyun Park, Economic Advisor (Strategic Knowledge Initiatives), ADB
13:00 – 13:40
Paper 7: Carbon Taxation and the Geography of Equity: Evidence from Industrial Emissions, Factory Activity, and Income Disparities in Thailand
13:40 – 14:20
Paper 8: The Relationship between Government Spending, Environmental Protection Tax, and Carbon Dioxide Emissions: The Case of Viet Nam
14:20 – 14:40
Coffee Break
14:40 –15:20
Paper 9: Assessing Local Environmental Spending and Air Pollution Reduction in Indonesia: A Satellite Data Approach
15:20 – 16:00
Paper 10: Fossil Fuel Subsidies and GHG Emissions: Firm-level Empirical Evidence from Developing Asia
16:00– 17:20
Session VI. Climate Finance and Fiscal Policy
Chair: Rachita Gulati, Research Fellow, ADBI
16:00 – 16:40
Paper 11: Climate Finance, Renewable Energy, and Fiscal Sustainability in Pacific Island Developing States
16:40 – 17:20
Paper 12: Nature-based carbon finance to the rescue? Tracing the evolution and future of Japan’s Joint Crediting Mechanism (JCM)
17:20 – 17:30
Concluding Remarks
Ulrich Volz, Professor of Economics, SOAS University of London and Director, SOAS Centre for Sustainable Finance
John Beirne, Principal Economist, ADB
[Note: Keynote speeches: 40 minutes (30 minutes for speech + 10 minutes Q&A);
Paper sessions: 40 minutes for each paper – 20 minutes presenter, 10 minutes discussant, 10 minutes Q&A]