Thematic Track Session 4.2

Energy Efficiency and Renewable Energy in the Industrial Sector

The decarbonization of heating in energy intensive industries is progressing at a very slow pace. Furthermore, about 70% of short-term industrial energy efficiency savings are in light industry, and small and medium-sized enterprises (SMEs). The rapidly growing industrial sector in the Asia and Pacific region is highly dependent on fossil fuels, and this is driving considerable increases in GHG emissions. Only a limited number of renewable energy solutions are being considered at scale for deployment in hard-to-abate industries, and these include geothermal, heat pumps, solar thermal and biogas. There is a unique opportunity to help developing countries set strong regulatory frameworks and leapfrog to clean and efficient energy solutions. What is needed to unlock greater investments in energy efficiency in the industrial sector? What are the key regulations and incentives needed to unlock greater investment? What is the role of local financial institutions, and how are they supporting energy efficiency in industrial SMEs? What are the latest developments, case studies and business models for renewable energy solutions in the industrial sector? How can governments engage with the private sector to finance renewable energy heating projects in the industrial sector? What approaches is industry considering to decarbonize heating?

This session will explore the cutting edge of energy efficiency and renewable energy initiatives for industrial decarbonization in developing Asia and the Pacific. The panel of experts will present effective solutions to address critical challenges related to technical, financing, policy and governance, and awareness raising. Solutions are presented across several industrial sectors, including iron and steel, cement and concrete, organic and inorganic chemicals, and e-fuels production. Specifically, a ground-breaking ADB project presents financing solutions to foster energy efficiency improvements in carbon-intensive small and medium enterprises. A USAID program showcases its help to the Vietnam Ministry of Industry and Technology (MOIT) identifying pathways to decarbonize industrial parks, relevant for many countries across the region. Innovative approaches to disseminating knowledge on decarbonization are showcased, including the digital iDEEKSHA portal and the successful program of the Confederation of Indian Industry (CII) to increase the uptake by SMEs of energy efficiency and renewable energy. Policy solutions are presented by the World Resources Institute (WRI) of an industry-led decarbonization framework for Indonesia that aims to guide holistic adoption of technology, financing, and governance of emissions reductions, to support achievement of net-zero targets. Lastly, the economics of decarbonization solutions are presented by the National Renewable Energy Laboratory (NREL).

The session is designed to offer open and interactive discussions between speakers and participants and to co-create new ideas essential for this critical task on developing Asia and the Pacific’s decarbonization journey.


2:00 - 2:08 p.m.

Introductory Remarks and Scene Setter

Annika Seiler, Principal Energy Specialist, ADB

2:08 - 3:04 p.m.

Panel of Speakers

Topic 1: Technical Challenges and New Solutions to an Uptake of RE and EE for industrial decarbonization

Industrial decarbonization in Asia – Challenges and Cutting-edge Opportunities

Carishma Gokhale-Welch, Partnership Development Manager, National Renewable Energy Laboratory (NREL)

Decarbonizing Vietnam’s Industrial Parks: Climate Action in Practice

Linh Chi Nguyen, Director of Private Sector Engagement, USAID

Topic 2: Overcoming the Finance and Investments Challenges to accelerate the Uptake of RE and EE for SME Industries’ Decarbonization

ADB’s PRC Ping An Leasing Micro, Small, and Medium-Sized Enterprises Energy Efficiency Improvement Project

Biao Huang, Principal Investment Specialist, ADB

Examples how digital-driven awareness raising and mapping can accelerate SMEs’ investments in EE and RE and in developing Asia.

Dissemination on knowledge on decarbonisation and energy efficiency technologies through iDEEKSHA portal

Dipak Khandare, Associate Director, Idam Infrastructure Advisory Pvt Ltd., India

Factors influencing uptake of Energy Efficiency and Renewable Energy in SMEs

Nisha Jayaram, Principal Counsellor, Confederation of Indian Industry, India

Topic 3: Policy and governance

Margalita Arabidze, Head of Energy Efficiency and Renewable Energy Policy and Sustainable Development Department, MoESD, Georgia

Industry-Led Decarbonization Framework: A Framework for Holistic Technology, Financing, & Emission Reduction Governance Reform towards Net Zero Indonesia

Nada Zharfania Zuhaira, Net Zero Research Analyst, World Resources Institute (WRI), Indonesia

3:04 - 3:24 p.m.

Open Discussion with Attendees

3:24 - 3:30 p.m.

Conclusion and Lessons Learned from the session