Deep Dive Workshop
Decarbonizing the Energy Sector: The Role of ADB’s Energy Transition Mechanism
Organized by: Asian Development Bank (ADB)
Wednesday, 5 June 2024
9:00 a.m. - 12:30 p.m. (GMT +8) | Auditorium Hall 3
Legacy coal-fired power and heating plants constitute the single largest source of anthropogenic greenhouse gas (GHG) emissions, while the costs of clean and efficient energy technologies are rapidly declining. The transition from coal to clean energy sources must be accelerated in order meet the climate targets in the Paris Agreement.
Financially, the cost of operating existing coal fleets is expected to be higher than the levelized cost of new renewable energy plants in the next 10–15 years. However, many coal power plants have secured long-term power offtake agreements, which will keep them in operation, albeit uneconomically compared to market alternatives.
ADB launched the Energy Transition Mechanism (ETM) in 2021. ETM is a replicable and scalable market-based model to address these issues and help accelerate the clean energy transition, through blended finance structures.
ADB’s role is to help crowd in public and private sector partners, support a just transition for affected communities, ensure climate credentials, and harness carbon offsets. Currently, work is under way on the technical and financial feasibility of ETM initiatives in ADB’s Developing Member Countries (DMCs) in Southeast Asia and other regions.
AGENDA
9:00 - 9:05 a.m.
Opening Remarks
Introduction and objectives of the session
Andrew Jeffries, Advisor, Energy Transition Mechanism and Partnertships (ETMP), Energy Sector Office, Sectors Group (SG-ENE), Asian Development Bank (ADB)
9:05 - 10:05 a.m.
Session 1: The Energy Transition Mechanism (ETM): A Multidimensional Approach to Decarbonize the Energy Sector
Overview of ADB’s Energy Transition Mechanism
David Elzinga, Principal Energy Specialist (Climate Change) and ETM Team Leader, ETMP, SG-ENE, ADB
Mobilizing Funding for the Early Retirement or Repurposing of Fossil-based Power Plants
Dionisio Camangon, Senior Markets Development Advisory Specialist, Office of Markets Development and Public-Private Partnership, ADB
Achieving a Just Energy Transition
Swati Dsouza, Climate Change Specialist (Just Transition), Climate Change and Sustainable Development Department, ADB
Just Energy Transition Partnership (JETP)
Paul Butarbutar, Acting Head, Indonesia JETP Secretariat
Moderator:
Lazeena Rahman, Senior Climate Finance Specialist, ETMP, SG-ENE, ADB
10:05 - 10:30 a.m.
Moderated Q&A Session with Panelists
10:30 - 11:00 a.m.
Coffee Break
11:00 a.m. - 12:00 p.m.
Session 2: Lessons from ETM Implementation in Asia and the Pacific
A Just and Affordable Energy Transition in Indonesia
Josua Partogi, Environmental and Social Safeguard Team Leader, PT Sarana Multi Infrastruktur (PT SMI) (Indonesia ETM Country Platform), Indonesia
Coal to Clean Transition in a Market-Driven Energy Sector in the Philippines
Glenda Leah A. Caringal, Department Manager of the Independent Power Producer (IPP)/IPP Administrator (IPPA) Contracts Management Department, Power Sector Assets and Liabilities Management Corporation, Philippines
Energy Transition Progress in Cambodia
Vichet Keo, Deputy Director of Energy Development, General Department of Energy, Ministry of Mines and Energy, Cambodia
Decarbonizing Power and Heat Sectors in Kazakhstan
Zulpat Aziyeva, Advisor to the CEO, The Project Office for Central Asia on Climate Change and Green Energy, Kazakhstan
Moderator:
Lazeena Rahman, Senior Climate Finance Specialist, ETMP, SG-ENE, ADB
12:00 – 12:25 p.m.
Moderated Q&A session with Panelists
12:25 – 12:30 p.m.
Closing Remarks
Moderator: David Elzinga, ETMP, SG-ENE, ADB
SPEAKERS
Andrew Jeffries
Advisor, Energy Transition Mechanism and Partnertships (ETMP), Energy Sector Office, Sectors Group (SG-ENE), ADB
David Elzinga
Principal Energy Specialist (Climate Change) and ETM Team Leader, ETMP, SG-ENE, ADB
Swati Dsouza
Climate Change Specialist (Just Transition), Climate Change and Sustainable Development Department, ADB
Lazeena Rahman
Senior Climate Finance Specialist, ETMP, SG-ENE, ADB
Vichet Keo
Deputy Director of Energy Development, General Department of Energy, Ministry of Mines and Energy, Cambodia
Dionisio Camangon
Senior Markets Development Advisory Specialist, Asian Development Bank
Paul Butarbutar
Acting Head of Secretariat, JETP Secretariat
Glenda Leah A. Caringal
Department Manager, IPP/IPPA Contracts Administration Department, Power Sector Assets and Liabilities Management Corporation (PSALM)
Zulpat Aziyeva
Advisor to the CEO, The Project Office for Central Asia on Climate Change and Green Energy, Kazakhstan
Josua Partogi
Team Leader of Environmental, Social and Technical Evaluation Division, PT Sarana Multi Infrastruktur (PT SMI) (Indonesia ETM Country Platform), Indonesia