The net-zero transition is increasingly characterised as a “moonshot”, a once-in-a-lifetime inspirational project requiring a mission-driven industrial policy with coordination across all parts of the economy, and in the end globally. In emerging and developing economies, these “moonshots” are very much about speeding up adaptation and imitation of green innovation elsewhere but doing so in a mission-driven purposeful manner. Reaching net zero in time will be the greatest challenge for state capacity to date for these economies.
The impact of climate change will be the most severe where state capacity is in the shortest supply. The state will need to work with all the instruments it has at its disposal, harnessing the private sector and working with development partners, but it must go beyond individual instruments and collaborations and step in to solve coordination failures.
This event will present a recent report by the Asian Infrastructure Investment Bank, ´Asian Infrastructure Finance 2022: Moonshots For the Emerging World – Transforming State Capacity and Mobilizing Private Sector Toward Net Zero´, and will also touch upon China´s net-zero transition.
- Erik Berglof: Chief Economist, Asian Infrastructure Investment Bank (AIIB), Beijing
Registration and lunch from 12.30 – Meeting from 13.15 to 14.30