South Asia

The small open economies of the Gulf and Southeast Asia are pioneers in the establishment of

Sovereign Wealth Funds (SWFs). The SWFs of countries like Qatar and Singapore are among the

world’s largest in terms of total asset size relative to Gross Domestic Product. This article looks

at the different compulsions behind the setting up of SWFs by small open economies.

Many energy consumers, and even analysts and policymakers, confront and frame energy and climate risks in a moral vacuum, rarely incorporating broader social justice concerns. Here, to remedy this gap, we investigate how concepts from justice and ethics can inform energy decision-making by reframing five energy problems — nuclear waste, involuntary resettlement, energy pollution, energy poverty and climate change — as pressing justice concerns.

The finance of climate mitigation and adaptation in developing countries represents a key challenge in the negotiations on a post-2012 international climate agreement. Finance mechanisms are important because stabilizing the climate will require significant emissions reductions in both the developed and the developing worlds, and therefore large-scale investments in energy infrastructure. The current state of climate finance has been criticized for its insufficient scale, relatively low share of private-sector investment, and insufficient institutional framework. This policy brief presents options for improving and expanding climate finance.

Given coal's large contribution to India's emissions, it is important to explore options for reducing emissions from the Indian coal power sector. Even as India awaits stronger action by industrialized countries, several no-regrets options can still be instituted to position the Indian coal-power sector appropriately for an eventual deeper carbon mitigation strategy: (a) improve efficiency of generation, transmission and distribution, and end-use systems; (b) aggressively deploy higher-efficiency coal combustion technologies; (c) develop a strategic plan for technology innovation; (d) improve environmental regulations to keep open economic carbon capture options; and (e) invest in detailed geological assessment of carbon storage sites.