The roundtable organised by ASEAN-German Energy Programme (AGEP), a cooperation between the ASEAN Centre for Energy (ACE) and German International Organisation (GIZ), will discuss initiatives and implementation of green financing schemes as investment required to bring the region towards the achievement of ASEAN regional targets: 23% renewable energy (RE) share in total primary energy supply (TPES) by 2025; and 20% reduction in energy intensity by 2020 and 30% by 2025 based on 2005 level. Based on the findings of the 5th ASEAN Energy Outlook published by ACE in 2017, to achieve those targets, the region requires an estimated total investment of USD 214.3 billion to install 145.3 GW of added capacity. In support of ASEAN’s efforts to achieve those targets, AGEP is preparing a mapping report on insurance and guarantee schemes for RE investment, and a regional policy recommendation on RE project financing (with focus on Cambodia, Lao PDR and Myanmar).
The roundtable serves to share about the results of those 2 publications, as well as to exchange knowledge and experience around the topic of green financing in ASEAN energy market. It features speakers representing financing institutions, green project developers and ASEAN regulators. The regional targets in RE and energy efficiency call for innovative solutions in financing to accelerate green initiatives and infrastructures. ASEAN needs to redefine green investment that will boost innovations in sustainable energy activities and infrastructure, and to integrate green financing into different sectors in ASEAN energy market.