The Asia LEDS Partnership Secretariat supported USAID in organising two workshops in Bangkok, Thailand. The event on Enabling Private Sector investments in Clean Energy in Southeast and South Asia was held on 27-28 March 2017.
The two-day high level meeting brought together 90 participants from leading multinational corporations, Asia-based manufacturers, energy suppliers and senior government officials from India, Vietnam, Philippines and Indonesia to discuss emerging strategies and near-term opportunities to operationalize corporate commitments for large-scale clean energy development in the region.
Glyn Davies, U.S. Ambassador to the Kingdom of Thailand, pointed out that this is the time for early movers to gain the higher ground in this new industry and create the needed innovations to scale up. Thailand’s leading businessman and author Mr. Vikrom Kromadit of AMATA Corporation shared his ‘All-Win’ Philosophy that includes making money and developing the country and society in a sustainable way.
The leading Asian companies discussed good practices regarding renewable energy and energy efficiency through projects funded within their organisations. For example, Mahindra & Mahindra developed a metric system to rank the projects and implement them in that order as per availability of finances. This resulted in a ten-fold increase in environment-focused projects being funded. Ayala Land Pvt. Ltd. has embedded sustainability metrics in performance evaluations and rewards its property managers for energy savings, resulting in a healthy competition to achieve more savings.
The government officials from India, Indonesia, Philippines and Vietnam discussed ambitious targets and commitments on Renewable Energy (RE) and Energy Efficiency (EE). The two countries also identified cost savings and other co-benefits such as employment and education. The government officials urged the private sector to invest in clean energy to achieve these set goals.
It was realized that we are in a period of rapid change with new technologies, new buyers, and new business models. A paradigm shift can be seen in electricity markets. The drivers of action are getting stronger by the day. In future, there may be more off-grid consumers and more regional transmission efforts.
The meeting is convened by the Asia Low Emission Development Strategies (LEDS) Partnership and United States Agency for International Development (USAID), with sponsorship from the Climate and Development Knowledge Network (CDKN), Allotrope Partners, World Resources Institute (WRI), and USAID Private Financing Advisory Network-Asia (PFAN-Asia). Collaborating partners include the National Renewable Energy Laboratory (NREL) and USAID Clean Power Asia. The meeting is organized by the USAID Climate Economic Analysis for Development, Investment and Resilience (CEADIR) Activity.
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