COP27 Japan Pavilion Seminar

Mobilizing Finance to Facilitate Energy Transition and Decarbonization in ASEAN

9th November 2022

Last updated: 2022-11-09

Date/Time: 9th November 2022, 13:00 - 14:30 (EET/GMT+2) / 20:00 - 21:30 (JST/GMT+9) / 18:00 -19:30 (GMT+7)

Organizer: Ministry of Economy, Trade and Industry, Government of Japan

Live streaming


The event will feature how transition finance can contribute to decarbonizing ASEAN. In the panel discussion session, prominent professionals in the area of sustainable and transition finance will get together and share their unique perspectives and experiences.

Opening Remarks: 13:00 - 13:10 

Presentations: 13:10 - 13:50, Each presentation will be about 10 minutes.

Discussion: 13:50 - 14:25 

Closing Remarks: 14:25 – 14:30

Mr. Shinichi Kihara, Deputy Director-General for Technology and Environment, Ministry of Economy, Trade and Industry

Introduction of Japan’s Asia Energy Transition Initiative (AETI) to accelerate Asia’s transition finance towards a decarbonized economy: Ms. Ayaka Nojiri, Deputy Director for International Affairs (Asia Energy Transition Initiative), Agency for Natural Resources and Energy, Ministry of Economy, Trade and Industry

Financing Programs for Accelerating Energy Transition in Southeast Asia: Mr. Ramesh Subramaniam, Director General, Southeast Asia Department, Asian Development Bank

Opportunities and challenges in financing energy transition in the ASEAN region: Ms. Yukimi Shimura, Director, Sustainable Business Division, MUFG Bank, Ltd.

The Path to Net Zero by a local ASEAN bank: Mr. Helge Muenkel, Chief Sustainability Officer, DBS Bank Ltd.


Mr. Enrique I. Florencio, Secretary General, Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)


Ms. Ayaka Nojiri, METI

Mr. Ramesh Subramaniam, ADB

Ms. Yukimi Shimura, MUFG Bank, Ltd.

Mr. Helge Muenkel, DBS Bank Ltd.

Discussion points:

What are the actions required to realise a wide deployment of transition finance within the ASEAN region given unique contexts of ASEAN, e.g. variety of supply-demand balances of countries?

What are the challenges in and solutions to developing quantification tools of GHG emission reduction of projects which help attract transition finance?

What are actions expected from CEFIA to accelerate deployment of transition finance in the ASEAN region?

Mr. Shinichi Kihara, Deputy Director-General for Technology and Environment, Ministry of Economy, Trade and Industry

For decades, a wide variety of cooperative activities have been carried out in the energy field among ASEAN+3 (China, Japan and Korea) countries. Such activities have resulted in making significant contributions to enhancing energy efficiency and facilitating energy transitions. To further promote such efforts broadly in the ASEAN region, it is becoming increasingly important to deepen the knowledge, facilitate information exchange, and develop projects and programs with policy design among ASEAN+3 countries through various activities, such as capacity-building programs, international conferences and workshops, and joint feasibility studies and demonstration projects.

To achieve this, a new initiative named “Cleaner Energy Future Initiative for ASEAN” or “CEFIA” was proposed by Japan and welcomed by the ASEAN+3 Ministers on Energy at the 16th ASEAN+3 Meeting of Energy Ministers in Bangkok, Thailand on 5 September 2019. CEFIA serves as a platform to facilitate collaboration between public and private sectors in deployment of cleaner energy and decarbonization technologies in the ASEAN region.

For more information:

Introduction of CEFIA

Background of CEFIA


Related information

“Mobilizing Finance to Facilitate Energy Transition and Decarbonization in ASEAN.”

[in English])

(Link to the COP27 Japan Pavilion website)


[in Japanese]

(Link to the COP27 Japan Pavilion website)





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