‘Emerging Economies towards Net Zero Emission: Challenges and Opportunities on Technology Innovation and Financing’

Virtual Workshop as a Side Event under Task Force3 (TF3) the Think Tank20 (T20).

Hosted by 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)

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 energy transition. G20 Indonesia Presidency has opted, therefore, its pathway to achieve carbon neutrality target by accelerating the just process of reducing energy-related greenhouse gas emissions through various forms of decarbonization. Such decarbonisation means an additional investment is necessary. Nevertheless, the question remains how to finance 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 its carriers, CCS/CCUS, and Direct Air Capture technologies) that play important roles in the energy transition with the emphasise in the ASEAN countries.

Event Details

• Date: Wednesday, July 20, 2022

• Time: 14:00 – 16:15 WIB (UTC+7 - Hanoi, Jakarta, Bangkok Time)

• RSVP: https://bit.ly/3OLQEFb

Agenda

Opening Remarks by 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 by Dadan Kusdiana, Director General of Energy Efficiency and Renewable Energy Department, MEMR, 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 by Akira Yasugi, P.E. Engineering manager, I&C and Electrical Engineering Team, Power Plant engineering Group, Mitsubishi Heavy Industries, Ltd

• Hydrogen/Ammonia by Jitendra Roychoudhury, King Abdullah Petroleum Studies and Research Center (KAPSARC), Riyadh, Saudi Arabia

• CCS (Capture) by Dr Takashi Kamijo, Chief Engineer/License Technolgy Director, Decarbonization Business Department, Mitsubishi Heavy Industries Engineering, Ltd.

• CCS (Storage) by Dr Ziqiu Xue, Research Institute for Innovative Technologies for the Earth (RITE)

• Direct Air Capture by 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)

• Private Finance by Yukimi Shimura, Director, Planning & Development Department, Sustainable Business Division, MUFG Bank, Ltd.

• Climate Financing Prof Frank Jotzo,        Professor, Crawford School of Public Policy; Director, Centre for Climate and Energy Policy.

• Carbon Credit by 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 energy technology group

• Comments from financing group

Closing Remarks by Toru Furuichi, Director General for Research and Policy Design Administration, ERIA