Energy efficiency could be considered as a critical step for ASEAN to achieve sustainable economic growth, market integration and mitigate the adverse impacts of climate change. In this regard, the ASEAN Member States (AMS) under the framework of the ASEAN Plan of Action for Energy Cooperation 2016 – 2025, which the region’s cooperation blueprint in the energy sector, collectively set the aspirational goal of reducing energy intensity in ASEAN by 20% by 2020 and 30% by 2025 based on the 2005 levels.
The latest study by ACE, the 5th ASEAN Energy Outlook (AEO5) indicated that ASEAN is on the right track to achieve its energy intensity target; 20% Energy Intensity (EI) reduction in 2020 based on 2005 level (and 30% in 2025). AEO5 is expected to be launched during the 35th ASEAN Ministers on Energy Meeting (AMEM) on 27 September 2017 in Manila, the Philippines.
While the region’s economy is steadily growing however, its main energy indicators are substantially under the world’s average. Per capita electricity consumption is about half of the world’s average and the electrification rate is still below 80%. Aggregate of all the AMS’ current national measures on energy efficiency and conservation to decouple economic growth from energy intensity are not sufficiently effective. Those measures include among others standard and labelling, minimum energy performance standards, and building codes.
This roundtable will offer a comprehensive and deep insight into the AMS’ path towards energy intensity reduction, as analysed in the AEO5. It provides an open platform for policymakers, technology developers, and financial institutions in both the public and private sectors to discuss major technology hurdles, financial constraints and social challenges in pulling together the regulatory frameworks that can be developed to unlock the true potentials of energy efficiency in the region.
Nanda F. Moenandar email@example.com
Beni Suryadi firstname.lastname@example.org
Supported by: US ASEAN Business Council (US-ABC)