An Asia Clean Energy Forum (ACEF) 2019 Deep Dive Workshop

Asia and the Pacific are experiencing massive energy challenges due to an unprecedented increase in energy demand in terms of both scale and speed as well as high dependence on fossil fuels. This trend is likely to continue in the foreseeable future to sustain high economic growth trajectory and will pose significant energy security and climate change risks to the region.

On the other hand, the global energy market is currently shifting from commodity-based solutions to technology-based solutions. Development and commercialization of innovative clean energy technologies will reduce energy consumption, lower greenhouse gas emissions, ease the pressure on existing fossil fuels, and thereby improve energy security. As part of the 2015 Paris Agreement, each country in Asia and the Pacific has announced its commitment to increasing energy efficiency by two to three times over the next 10-20 years and replacing more than 20% of total energy consumption with renewable energy sources.

Accelerating deployment of innovative clean energy technologies is at the center of solving many challenges and is key to unlocking the full potential for sustainable energy future in the region. This workshop sought to strengthen the Republic of Korea’s development knowledge sharing in the energy sector for sustainable and inclusive growth in ADB developing member countries (DMCs). It also aimed to enhance the understanding of clean energy policy & status of emerging countries, and develop collaborative projects between ADB and MOTIE.