The 2022 G20 Indonesia Presidency’s Energy Transition pillar of ‘Global cleaner energy systems and just transitions’ aims at achieving a global deal to accelerate the energy transition. G20 Indonesia Presidency has opted, therefore, for its pathway to achieve the carbon neutrality target by accelerating the just process of reducing energy-related greenhouse gas emissions through various forms of decarbonisation. Such decarbonisation means an additional investment is necessary. Nevertheless, the question remains: how to finance the energy transition, especially in the context of reaching carbon neutrality pledges that vary across G20 countries?

Apart from traditional financial and policy instruments, countries need also to fully employ new and innovative schemes to support clean energy financing and markets. This virtual workshop aims to explore workable financing mechanisms in each technology cluster (including renewable energy resources and their carriers, CCS/CCUS, and Direct Air Capture technologies) that play important roles in the energy transition with an emphasis on the ASEAN countries.

This Virtual Workshop is jointly organised by the Institute of Economic and Social Research Faculty of Economics and Business, University of Indonesia (LPEM-FEB UI) and Economic Research Institute for ASEAN and East Asia (ERIA).

Event Details

• Date: Wednesday, 20 July 2022
• Time: 2 PM -  4:15 PM (Jakarta time, UTC+7) 

Agenda

Opening Remarks: Ms Moekti Handajani Soejachmoen (Kuki), Lead Co-Chair of the T20-Task Force 3: Governing Climate Target, Energy Transition, and environmental Protection

Keynote speech 1: Carbon Neutral Pathway of Indonesia

Keynote Speech 2: Global Low Carbon Energy Transition by Prof Jun Arima, Senior Policy Fellow of ERIA and Co-Chair of TF3

Presentations and Panel Discussion

Moderator: Dr. Alin Halimatussadiah, LPEM FEB University of Indonesia

Presentation 1: Energy Technology Perspective (Battery electric storage, Hydrogen/ Ammonia, CCS/CCUS, and Direct Air Capture)

• Battery electric storage: Akira Yasugi, P.E. Engineering manager, I&C and Electrical Engineering Team, Power Plant engineering Group, Mitsubishi Heavy Industries, Ltd
• Hydrogen/Ammonia: Jitendra Roychoudhury, King Abdullah Petroleum Studies and Research Center (KAPSARC), Riyadh, Saudi Arabia
• CCS (Capture)
• CCS (Storage): Dr. Ziqiu Xue, Research Institute for Innovative Technologies for the Earth (RITE)
• Direct Air Capture: Ryohei Numaguchi, Ph.D., Researcher, Energy System Research Department, Corporate Technology Division, Kawasaki Heavy Industry, Ltd.

Presentation 2: Energy Financing (Public, Private and Climate Finance Mechanisms)

• Public Finance : Darshak Mehta, Sustainable Development and Climate Change Department of the Asian Development Bank (ADB)
• Private Finance: Yukimi Shimura, Director, Sustainable Business Origination team, Sustainable Business Office, Solution Products Division, MUFJ Bank, Ltd.
• Climate Financing: Frank Jotzo (Australian National University)
• Carbon Credit: Kikuko Shinchi, Senior Researcher, Climate Change Solution Group, Sustainability Division, Mitsubishi Research Institute, Inc.

Panel Discussion: Dialogue between Energy Technology and Financing Group, with topics:

• Role of financing for supporting energy technology development and deployment
• Expectations to Governments
• Comments from the energy technology group
• Comments from the financing group

Closing Remarks: Mr Koji Hachiyama, Chief Operating Officer, ERIA

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