Issues and challenges such as climate change, biodiversity loss, resource efficiency, sustainable consumption and production, air, land, freshwater and marine pollution, urban environmental quality, and energy access, are becoming more significant and need to be addressed urgently in Asia and the Pacific. These challenges are complex, and we recognize the importance of energy transitions and innovation on more sustainable and cleaner energy systems, the close nexus between energy security, economic growth, climate change, and environmental protection, and the importance of long-term low emissions strategies for sustainable development.
In the midst of global energy transition, accelerating energy innovation is essential for Asia and the Pacific, recognizing the critical role of innovative, clean and efficient technologies, including digitalization, renewable energy and systems flexibility, demand side management, energy efficiency and conservation, biofuels, and advanced cleaner fossil fuels technologies. Under this circumstance, it’s required that both developed and developing countries support international collaboration and analyze the impact of innovative technologies and share best practices for the development, dissemination and deployment of these technologies in particular on policies, national experiences, and market frameworks. Furthermore, to share recent innovative technologies, financing and currently implementing initiatives/platforms can contribute greatly to operational priorities in ADB Strategy 2030 and also to energy transitions in ADB developing member countries.
Covering strategic considerations for managing 21st century energy system transition, this DDW titled “Collaborative Initiatives on Energy System Transition with Innovative Technologies, Policies and Financing” organized by the Ministry of Economy, Trade and Industry (METI) of the Government of Japan, highlighted development and deployment of innovative technologies (e.g., IoT/AI, CCS/CCUS, Hydrogen) in Asia, by improving policy and institutional framework, utilizing public and private finance, and promoting international cooperation through the multinational initiatives such as the Cleaner Energy Future Initiative for ASEAN (CEFIA) and the Taskforce on Climate-related Financial Disclosures (TCFD), etc.
Dr. Yongping Zhai, Chief of Energy Sector Group, Asian Development Bank
Mr. Takashi Omote, Deputy Director-General for Industrial Science, Technology, and Environmental Policy, METI, Japan
Highlights initiatives on climate change, energy transition, and promoting activities including facilitation of investment
Role of the ASEAN Center for Energy to promote the energy transitions in ASEAN
New driving force to promote the energy transitions: Cleaner Energy Future Initiative for ASEAN (CEFIA)
Investing in low-carbon energy transitions and innovation in Asia
Potential of Carbon Capture, Usage and Storage (CCUS) technology in Asia and Pacific
Potential of IoT/AI Energy Management System in Factory, Building, and Community
Facilitator: Mr. Akira Izumo, Deputy Director, Global Environment Partnership Office, METI, Japan
|11:55 a.m.-12:00 p.m.
Mr. Toshiaki Nagata, Director, Global Environment Partnership Office, METI, Japan
About the Organizers
Ministry of Economy, Trade and Industry (METI):
Ministry of Economy, Trade and Industry (METI) is a ministry of the Government of Japan. METI’s mission is to develop Japan’s economy and industry by focusing on promoting economic vitality in private companies and smoothly advancing external economic relationships, and to secure stable and efficient supply of energy and mineral resources.
Asian Development Bank (ADB):
The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world. ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. ADB is composed of 68 members, 49 of which are from the Asia and Pacific region.