Presentation: Final Consultation Workshop on Financial de-risking instruments for energy efficiency in the Philippines Read more about Presentation: Final Consultation Workshop on Financial de-risking instruments for energy efficiency in the Philippines The presentation discusses the findings of the scoping study on de-risking instruments suitable for the energy efficiency market in the Philippines and the proposed sectors for implementation. The roles and responsibilities of various public and private sector organizations were also discussed.
Derisking Instruments for Energy Efficiency in the Philippines Read more about 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 the Philippines. Various de-risking instruments, such as credit guarantees, performance guarantees, and insurance products, which are under implementation in different parts of the world were also discussed.
Concept Note and Agenda Read more about 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. The workshop focused on evaluating the market readiness in the Philippines through physically engaging with key stakeholders representing the public sector, banks, development organizations, energy service companies, and other relevant agencies and experts working on energy efficiency.
Workshop Proceedings Read more about 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 market sector.
Workshop Proceedings Read more about 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 towards its energy efficiency objectives. The panelists unanimously stressed the necessity for increased collaboration among stakeholders, including the government agencies, insurance companies, financing institutions, and energy efficiency firms, to advance the implementation of an ESI scheme.
Agenda Read more about Agenda The workshop aimed to delve into India's commitment to enhance energy efficiency, and explore the potential for expanding energy efficiency investments, drawing insights from successful past programs, such as the National Mission for Enhanced Energy Efficiency, and emphasizing the role of de-risking instruments, including the Energy Savings Insurance (ESI) model.
Opening Remarks Read more about 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 in this regard.
De-risking Instruments for Energy Efficiency Investments in Asia and the Pacific Read more about De-risking Instruments for Energy Efficiency Investments in Asia and the Pacific 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.
Mark Lister Keywords energy efficiency investments clean energy renewable energy climate technology sustainable energy clean energy deployment Read more about Mark Lister After starting out in corporate finance, Mark Lister specialized in energy efficiency (EE) almost 20 years ago and has become a leading advocate for expanded EE deployment. He has been involved with industry advocacy in Australia, worked on grassroots projects in sub-Saharan Africa, and lectured in postgraduate sustainable energy courses.
Alexander Ablaza Keywords energy efficiency energy efficiency investments energy efficiency policy energy Read more about Alexander Ablaza Over half of Alex Ablaza’s 35-year professional career has been dedicated to accelerating energy efficiency (EE) markets across developing Asia. He led the identification, structuring and due diligence in support of financial close of over $3 billion in EE investments and EE policy and market interventions in a growing list of countries which includes Bangladesh, China, India, Indonesia, Kyrgyzstan, Lao PDR, Malaysia, Nepal, Pakistan, Philippines, Singapore, Thailand and Vietnam.