De-risking Instruments for Energy Efficiency Investments in Asia and the Pacific
05 December 2023
ADB is supporting the design of a pilot to implement financial de-risking instruments for energy efficiency investments for selected developing countries in Asia and the Pacific, starting with India and the Philippines. This project is supported by the multi-donor trust fund, Asia-Pacific Climate Finance Fund (ACliFF), which aims to support the development and implementation of financial risk management products that can help unlock capital for climate investments.
Related to this initiative, the following meetings and workshops were organized:
Philippines
- 5 December 2023. ADB organized the workshop with the Philippine Department of Energy (DOE) and other key stakeholders on combining de-risking instruments, such as credit and performance guarantees, and insurance, with energy efficiency financing.
- 28 May 2024. The final consultation workshop discussed the outcomes of the scoping study and the emerging structure for financial de-risking instruments.
India
- 20 February 2024. Co-organized by ADB and OECD, the workshop was organized to support the India Bureau of Energy Efficiency in enhancing the policy environment for energy efficiency investment, fostering dialogue, and building capacity to develop energy savings insurance in India in particular, accelerating India's National Mission for Enhanced Energy Efficiency (NMEEE) and meeting India’s Updated First Nationally Determined Contributions (NDC).
- 23 February 2024. The stakeholder workshop gathered private insurance companies for a market scoping of energy efficiency (EE) financial de-risking instruments that can be piloted under ADB’s TA funded by the Asia-Pacific Climate Finance Fund (ACliFF).
Program and Learning Materials:
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 05 Dec 2023 | Agenda |
Concept Note and Agenda The half day stakeholder workshop was organized to kick-off the study on de-risking instruments for energy efficiency investments in the Philippines. ... |
|
| 05 Dec 2023 | Presentation |
Derisking Instruments for Energy Efficiency in the Philippines Presentation on energy efficiency investment opportunities, barriers in implementation, and the national determined contribution (NDC) commitments from... |
|
| 05 Dec 2023 | Workshop Proceedings |
Workshop Proceedings All the participants were in favor of designing and implementating a pilot testing the introduction of de-risking instruments in a specific energy efficiency... |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 20 Feb 2024 | Agenda |
Agenda The workshop aimed to delve into India's commitment to enhance energy efficiency, and explore the potential for expanding energy efficiency investments... |
|
| 20 Feb 2024 | Opening Session | Welcome and Opening Remarks | Geraldine Ang, Senior Policy Analyst, OECD |
| 20 Feb 2024 | Opening Session |
Opening Remarks The welcome remarks emphasized the importance of collaboration with the insurance industry to de-risk climate-related projects and highlighted ADB's initiatives... |
Christine Engstrom |
| 20 Feb 2024 | Opening Session | Keynote Address | Abhay Bakre, Director General, Bureau of Energy Efficiency |
| 20 Feb 2024 | Part I: ADB Component - De-Risking Instruments for Energy Efficiency Investments in India | Context Setting Remarks | Thomas Kessler, Principal Finance Specialist, ADB |
| 20 Feb 2024 | Session 1: The Role of Energy Efficiency De-Risking Instruments in Improving the Access to Finance in India | The session focused on energy efficiency finance solutions and key barriers and potential opportunities in the market. | Thomas Kessler (ADB) (Moderator), P Shyam Sundar (BEE), Abhishek Gupta (EESL), Sanjay Dube (IIEC), Ravi Kaushal (SBI), and Reena Kori (IDAM) |
| 20 Feb 2024 | Session 2: Lessons from Finance and Insurance Industry Experts on Design and Implementation of Energy Efficiency De-Risking Instruments | The session provided insights on the challenges and opportunities in designing and implementing energy efficiency de-risking instruments, highlighting collaboration, information sharing, and tailored financial solutions | Sanjay Dube (IIEC) (Moderator), Arup Chatterjee (ADB), Ankur Gupta (Munich RE), Anant Bhardwaj (AU Small Finance Bank), Gaurav Jain, (AXA France VIE– India), and Sunil Sharma (Darashaw & Co) |
| 20 Feb 2024 | PART – II: OECD Component Unlocking Energy Savings Insurance (ESI) in India | ||
| 20 Feb 2024 | Session 1: Introduction to ESI in India | The session explored the ESI market landscape in India and presented barriers and opportunities in SME clusters. | Geraldine Ang (OECD) (Moderator), Cornelia Schenk (OECD), Manoj Kumar (UNEP), Anil Choudhury (EESL), Livia Miethke (BASE), Rajiv Kumar from (SIDBI), and M.A. Patil (FICCI) |
| 20 Feb 2024 | Session 1: Introduction to ESI in India |
Energy Savings Insurance - Helping SMEs to access financing for Green Technology Investments The presentation discusses the Energy Savings Insurance (ESI) Model. |
Livia Miethke Morais |
| 20 Feb 2024 | Session 1: Introduction to ESI in India |
Energy Efficiency in MSMEs - Barriers and Opportunities The presentation provides an overview of MSMEs in India and discusses the impact of climate change and challenges to low carbon transtion facing MSMEs... |
Rajiv Kumar |
| 20 Feb 2024 | Session 1: Introduction to ESI in India |
Opportunities and Barriers for Introducing Energy Savings Insurance (ESI) in SME Sector The presentation discusses learnings from the FICCI project on scaling up investments in 3 MSME clusters by developing Standard Energy Efficient Techologies... |
M.A. Patil |
| 20 Feb 2024 | Session 2: Focus Group Discussion on How to develop Energy Savings Insurance (ESI) in India | The session discussed readiness of the Indian market for energy efficiency financing and the implementation of an Energy Savings Insurance (ESI) model. | Moongyung Lee (OECD) (Moderator), Bhaskar Natarajan (AEEE), Inderjit Singh (GIC), Pradeep Kumar (PFC), Anurag Mishra (GCF), and Rajiv Kumar (SIDBI) |
| 20 Feb 2024 | Concluding Remarks and Next Steps | The session noted that positive and optimistic view of the ESI model's potential in India | Geraldine Ang, Senior Policy Analyst, OECD |
| 20 Feb 2024 | Workshop Proceedings |
Workshop Proceedings In summary, the overall tone of the session was positive and optimistic regarding the Energy Savings Insurance (ESI)model's potential to propel India ... |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 23 Feb 2024 | Presentation |
De-risking Instruments for Energy Efficiency in India The presentation discussed thevarious financial de-risking instruments, specifically credit guarantees and performance guarantees (e.g. Energy Saving ... |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 28 May 2024 | Agenda |
Concept Note: Final Consultation Workshop on Financial de-risking instruments for energy efficiency in the Philippines Theconsultation workshop will focus on discussing the outcomes of the scoping study and the emerging structure for the financial de-risking instruments... |
|
| 28 May 2024 | Welcome Remarks | Christine Engstrom, Senior Director, ADB | |
| 28 May 2024 | Remarks from the Philippine Department of Energy | Patrick T. Aquino, Director, Department of Energy | |
| 28 May 2024 | Context Setting | David Morgado, Senior Energy Specialist, ADB | |
| 28 May 2024 | Findings of scoping study on de-risking instruments for the energy efficiency market |
Presentation: Final Consultation Workshop on Financial de-risking instruments for energy efficiency in the Philippines The presentation discussesthe findings of the scoping study on de-risking instruments suitable for the energy efficiency market in the Philippines and... |
Sanjay Dube |
| 28 May 2024 | Open discussion and summary |
|
|
| 28 May 2024 | Closing Remarks | Arup Chatterjee, Principal Finance Sector Specialist, ADB |