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Accelerating ASEAN Energy Efficiency with Financing Mechanism

Singapore, 24 Jun 2019

The ASEAN Centre for Energy (ACE) in collaboration with the Department of Alternative Energy Development and Efficiency (DEDE), Thailand, organised the first workshop on energy efficiency (EE) financing mechanisms and innovative possibilities to accelerate EE Investment in ASEAN. The Workshop was held on 17-20 December 2018, Bangkok, and attended by 30 participants from eight (8) the ASEAN Member States, namely: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Thailand and Vietnam. In addition, representatives of the Asian Development Bank (ADB), Thailand Refrigeration and Air Conditioning NAMA (RAC NAMA), EU Switch-Asia Programme, as well as United Nations Economic and Social Commission for Asia and the Pacific (United Nations ESCAP) also joined the workshop.

With the support of international experts–Kevin Hor, Victor Ablainza and Dr Verena Streitferdt–ACE provided technical support to ASEAN Member States (AMS) as part of the ASEAN Cooperative Project on Financing Mechanism Design for EE Projects Implementation (ACPFMEE), funded by the Japan-ASEAN Integration Funding (JAIF). The project aims to support AMS in developing EE financing mechanisms that are suitable for each AMS depending on their current status and financial institutions availability. The overarching goal of the project is to assist AMS to achieve their regional 30% energy intensity (EI) reduction target by 2025.

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