From 15-19 June 2020, the Microfinance and Community Development Institute (MACDI) participated in Asia Clean Energy Forum, one of Asia’s leading annual clean energy events – this year in the form of a week-long virtual forum.
With more than 4,600 participants in its 15th year, Asia Clean Energy Forum 2020 provided a virtual platform for diverse global stakeholders to engage in dynamic knowledge sharing on the topics of clean technology and financing as well as highlight groundbreaking models of regional clean energy investments. In light of the devastating COVID-19 outbreak, this year’s meeting not only answered the call to accelerate the clean energy transition in Asia and the Pacific but also to integrate these transitions into the core of economic and social recovery from the pandemic.
A highlight of the workshop that was of particular relevance to the clean and renewable energy scene in Việt Nam was the Deep Dive Workshop: Green Finance for Cleaner Energy in Southeast Asia: Innovation and Acceleration. The workshop was organized by the UK Government, its ASEAN Low Carbon Energy Programme, and Indonesia Renewable Energy Programme and in collaboration with the Energy Transition Partnership. The workshop featured a lively knowledge-sharing session on financing investments in renewable energy in South East Asia, including consideration of post-COVID economic recovery. Southeast Asia boasts growing economies reliant on fossil usage with potential harmful emissions that demand an immediate shift to cleaner energy sources. Southeast Asia will require $210 billion per year until 2030 to ensure all new infrastructure is sustainable and able to withstand the impacts of climate change. Significant green finance is necessary, especially post-COVID, to meet these demands.
MACDI is delighted to have access to these invaluable resources from global experts in the field of clean and renewable energy technology, policy, and financing to inform project implementations and partnerships in the future.