"Scaling-up energy projects in Asia to trigger NDC implementation -Replicating success stories from the JCM and the GCF for applying innovative technologies and finance"
- Overseas Environmental Cooperation Center, Japan (OECC)
Responding to the need to showcase successful cases of upgrading replicable low‐carbon technologies the world over, this event featured good practices in Asian countries. The approaches leveraged on sustained investment and finance, triggered by the Joint Crediting Mechanism (JCM). Sustainable development is also important in the context of Article 6.2 of the Paris Agreement cooperative approaches, under which the JCM is articulated. How do we maximize multiple‐benefits in project design? Stories were shared key stakeholders of the JCM and the GCF.
Panelists shared their prospects of energy-related efforts from now toward post-2020 period, including needs and gaps, and challenges and opportunities. By having recent experiences with the JCM project in the energy sector, participants discussed what are possible ways to maximize/scaling up benefits offered by the JCM in the context of NDC implementation.
- Mr. Edwin Manasang, Assistant Deputy Minister, Coordinating Ministry for Economic Affairs (CMEA), Indonesia Presentation (PDF, 744KB)
- Dr. Luong Quan Huy, Director for climate change mitigation, Ministry of Natural Resources and Environment (MONRE), Viet Nam, Department of Climate Change(DCC) Presentation (PDF, 646KB)
- Dr. Paweena Panichayapichet, Manager, Review and Monitoring Office, Thailand Greenhouse Gas Management Organization (TGO) Presentation (PDF, 1.6MB)
- Prof. Dr. Kazuhiko Takemoto, President, Overseas Environmental Cooperation Center, Japan (OECC) Presentation (PDF, 973KB)
- Ms. Maiko Uga, Section Chief, Office of Market Mechanisms, Ministry of the Environment (MOE), Japan Presentation (PDF, 2.6MB)
- Mr. Makoto Kato, Principal Researcher/Board member, Overseas Environmental Cooperation Center, Japan (OECC) Presentation (PDF, 1.2MB)
- Mr. Arnaoudov Vladislav, Vice-President, Deloitte Tohmatsu Financial Advisory LLC Presentation (PDF, 340KB)
Progress of climate change measures (legislation, use of market mechanisms, etc.) in Indonesia, Thailand and Viet Nam were introduced. Success stories of deployment of low-carbon technologies through the JCM and the GCF were shared, and expectations and challenges to implement NDCs and to scale up those activities were discussed.
Viet Nam: Importance of the technology transfer is articulated in the country's law on environmental protection. Currently, Viet Nam is facilitating the NDC to be legislated within the domestic legal system (NDC Road Map Decree) and need to deal with challenges such as institutional arrangements. The project on introducing high efficiency amorphous transformers in power grids is one of the success cases to deploy low-carbon technology through the JCM.
Indonesia: Indonesia has been actively engaged in using market mechanisms and is implementing many JCM projects recently. For example, a waste heat recovery project in a cement plant and solar power plant in a sport facility. The JCM provides effective finance schemes which improve feasibility of projects.
Thailand: Many JCM projects are implemented in energy efficiency sector and renewable energy sector. There are potentials for further deployments of projects such as introduction of waste heat recovery and heat pump system in food plants and introduction of rooftop solar power system on factories.
Expectations and challenges for scaling up activities: Necessity of capacity building of responsible departments, engagement of private sector, promoting understanding of benefits on implementing projects and collaboration with other activities and schemes were mentioned.