Green Growth Opportunities for Asia

37 Pages Posted: 12 Jun 2017

Date Written: January 2017

Abstract

This paper assesses the low-carbon economy in Asia: how large it is today and how well it will fare in the future. Using patent and trade data, it analyzes the potential of Asian economies to capture value from the design and export of low-carbon technologies, acknowledging that these are only two dimensions of a multidimensional low-carbon economy. It conducts country-level analysis to identify which technologies different countries can specialize in and potentially scale up. The work shows that, overall, Asia has an innovation specialization and revealed comparative advantage in climate change mitigation technologies. Particular strengths include efficient lighting, photovoltaics, and energy storage technologies. Further opportunities include nuclear and smart grids. However, within Asia, there are regional disparities, with countries such as the People’s Republic of China, Japan, and the Republic of Korea outperforming others. This paper highlights how the analytical framework it presents can be used to strategically inform environmental policy makers and concludes with an overview of the green growth policy tool kit.

Keywords: Climate Change, Economic Growth, Energy, Environment, Urban Development

JEL Classification: Q42, Q43, Q54, Q56

Suggested Citation

Fankhauser, Sam and Kazaglis, Alex and Srivastav, Sugandha, Green Growth Opportunities for Asia (January 2017). Asian Development Bank Economics Working Paper Series No. 508. Available at SSRN: https://ssrn.com/abstract=2982871 or http://dx.doi.org/10.2139/ssrn.2982871

Sam Fankhauser (Contact Author)

Vivid Economics ( email )

26-28 Ely Pl
London, England EC1N 6TD
United Kingdom

Alex Kazaglis

Vivid Economics ( email )

26-28 Ely Pl
London, England EC1N 6TD
United Kingdom

Sugandha Srivastav

Vivid Economics ( email )

26-28 Ely Pl
London, England EC1N 6TD
United Kingdom

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