Kathmandu University News

Dr. Roshan M. Bajracharya and Dr. Sanjay Nath Khanal participated, representing Kathmandu University, in a multi-national video conference sponsored by World Bank and coordinated by Asia-Pacific Finance Development Center, China

isms | 28 December, 2010 13:15

Dr. Roshan M. Bajracharya and Dr. Sanjay Nath Khanal participated, representing Kathmandu University, in a multi-national video conference sponsored by World Bank and coordinated by Asia-Pacific Finance Development Center, China on Wednesday, December 15, 2010 at 7:15-9:45am; held at the Nepal Research and Education Network (NREN) office in Dillibazaar, Kathmandu.

 

The theme of the conference was: “Fiscal Policies for Low-carbon Economic Development

About a hundred participants were involved in several countries were present including: China, Philippines, Vietnam, Mongolia, and Nepal.

Key speakers at the conference were:

Mr. Ede Ijjasz, China & Mongolia Sustainable Development Unit, World Bank

Dr. Wang Guijuan, Senior Economist, Research Institute of Fiscal Science, Ministry of Finance, China

Dr. Frederico M. Macaranas, Asian Institute of Management, Manila, Philippines

Mr. Philip E. Karp, EAP Regional Coordinator, World Bank

Major conclusions drawn from the GDLN-AP Distance Learning Seminar:

1. Taxation needs to be done not only in traditional areas (like vehicles, fuel, industries, etc.) but also taking into account environment and climate change externalities (eg., emissions or carbon taxes).

2. There is a need for review and efficient use of subsidies in developing economies; i.e., to encourage the use of renewable energy and energy efficiency/savings!

3. Risk financing must be considered, i.e., policies need to be put in place for governments, businesses and private sector to invest in risk reduction and climate change mitigation.

4. Adaptive as well as mitigative measures/strategies are needed in Agriculture and other sectors.

 
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