Lahore, February 21, 2022 (PPI-OT):The new “Accelerating Green Energy Finance” workshop, co-hosted by CERP Executive Education, CLEAR, International Institute of Green Finance (IIGF) and University of Oxford, aimed to reveal environmental and social risks facing energy-intensive projects, and to provide financial evidence to accelerate the energy transition into affordable and renewable energy sources in Pakistan. The workshop was presented in collaboration with China Prosperity Fund: Energy and Low Carbon Economy Programme from February 17-18, 2022 in Lahore, Pakistan.
The workshop brought together policymakers, researchers, and investors to create synergies for future energy-related projects in Pakistan. Over 60 participants across different sectors attended the workshop to understand the potential risks and opportunities related with Green Energy Finance in Pakistan.
Led by Dr. Matthew McCarten, Lead, Spatial Finance, Oxford Sustainable Finance Group the workshop fostered better understanding of the impacts of current and planned projects on the local and global environment and sustainable development, and the stranded asset risks of current and planned projects to investors and communities due to physical and transition risks related to environmental change.
The workshop also introduced highly sophisticated new asset-level analysis tools of carbon lock-in and stranded asset risks for three fossil fuel energy-dependent sectors (power generation, iron and steel, and cement) in China, Cambodia, Vietnam, Indonesia, and Pakistan. The tool helped in effectively:
Making the risks of fossil fuel energy investments in projects transparent to investors and policymakers, and creating significant opportunities to shift investments to sustainable energy
Constructing asset-level assessments of risk and impact exposure at multiple levels: company, country/province/region, investor portfolio, and loan book and
Analyzing the estimated impact of fossil fuel imports at an asset-level on a country’s balance of payment relevant for debt sustainability.
For more information, contact:
Centre for Economic Research in Pakistan (CERP)
29-P Gulberg II, Lahore – 54660, Pakistan
Tel: +92-42-35777844
Email: contact@cerp.org.pk
Website: https://www.cerp.org.pk/