CEFIA Finance Virtual Event

Live Webinar & Virtual Workshop,
4 March 2021

 (Last updated: 2021/9/06)

 

    Event Video

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    Opening Video

    (00:07:09)

    Opening(4March-2021)s

     

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    Live Webinar Video

     (01:01:11) 

    Fostering mutual understandings of bottleneck and opportunities for accelerating cleaner energy finance

    1-Livewebinar(4March-2021)s

     

     

    cover-II(21-304)

    Virtual Workshop Video

    (01:09:42)

    Visualization of carbon footprint reductions by financial institutions

    2-VirtualWorkshop(4March-2021)s

     

    Description

    As the part of the activities of Cleaner Energy Future Initiative for ASEAN (CEFIA), Finance Virtual Event (Live Webinar & Virtual Workshop) will be held virtually on 4 March 2021. The event is organized by Mitsubishi Research Institute on behalf of the Ministry of Economy, Trade and Industry of Japan (METI) in cooperation with the ASEAN Centre for Energy (ACE) as a Secretariat of CEFIA. The event will further deepen CEFIA's activities in the field of finance and provide an opportunity for many stakeholders to participate.

    1) Live Webinar:
    Fostering mutual understandings of bottleneck and opportunities for accelerating cleaner energy finance.

    2) Virtual Workshop:
    Visualization of carbon footprint reductions by financial institutions.

    Schedule: 4 March 2021, 13:00-15:15 (UTC+7) / 15:00-17:15 (Japan Time)
    Venue: Online (Zoom)

    Organization: Mitsubishi Research Institute on behalf of Ministry of Economy, Trade and Industry of Japan (METI) in cooperation with the ASEAN Centre for Energy (ACE) as a Secretariat of CEFIA.

    Target Participants: Private, Public, Academia etc.

     

    Register: Registration is closed!

    Participation in the event is free of charge, but registration is compulsory.

     

    0302_Flyer_CEFIA finance 2021.03.04

    Introduction

    The cooperative initiative named Cleaner Energy Future Initiative for ASEAN (CEFIA) was created at the 16th ASEAN+3 Ministers on Energy Meeting (AMEM+3) in Bangkok in September 2019, as a platform to facilitate collaboration between the public and private sectors for accelerating the deployment of cleaner energy and low carbon technology in the ASEAN region.

    Objective of CEFIA is to promote “Business driven dissemination” of cleaner energy and low carbon technologies in parallel with policy development. CEFIA has four functions, namely, “Showcase” to share and communicate good practices, challenges and solutions; “Workspace” to carry out real cooperative projects and activities (e.g., feasibility study, demonstration projects, capacity building); “Databank” to collect information, data and reports; and “Catalyst” to facilitate technology deployment and improve policy and institutional arrangement by connecting people, organizations, ideas and supports including finance.

    The 2nd Government-Private Forum on CEFIA was held virtually on 2 February 2021. At the 2nd CEFIA Forum, a session on finance was set up and the following issues were actively discussed.

     

    Expected roles and approaches of government in promoting Cleaner Energy Finance

    The government plays an essential role in developing enabling environments for cleaner energy finance. CEFIA can contribute to creating them as a “nexus” among the public sector, private sector, and financial institutions by sharing their needs and voices with the ASEAN member countries.

     

    The current status of ESG investment, and the role of transition finance in the ASEAN

    One of the characteristics of ASEAN is its diversity in the economy. The concept of transition finance, which provides finance to broader industries for their transition to a more sustainable society, seems to fit such a region.

     

    The effectiveness of "visualization" of carbon footprint reductions by financial institutions

    Measuring carbon footprint in a portfolio is effective in reducing it for financial institutions, but there are many challenges. CEFIA recognizes that the visualization of the one to be approached under CEFIA.

     

    In addition, a direction for future activities based on preparatory activities for the flagship project in the field of finance titled "ASEAN-wide Collaboration on Cleaner Finance" was proposed.

    As part of the activities of this finance flagship project, the following two research activities have been carried out to date, and the results will be reported and discussed by key experts at this event.
    1. Baseline study on cleaner energy finance initiative and challenges of financial institutions in the ASEAN region
    2. Case studies on how to utilize visualization of carbon footprint reductions by financial institutions in the ASEAN region.

    We believe that this event will further deepen CEFIA's activities in the field of finance and provide an opportunity for many stakeholders to participate.

     

    Program

    (as of 26 Feb. 2021)

    Enhancing regional capabilities
    to attract Cleaner Energy Finance in ASEAN

     

     

    Open the room (Releasing virtual lobby at 12:45-)

     


    Live Webinar 13:00-14:00 (UTC+7) 

    Fostering mutual understandings of bottleneck and opportunities for accelerating cleaner energy finance

     

    CEFIA aims to develop functions and frameworks that will serve as a platform for mobilizing Cleaner Energy financing to promote the adoption of low-carbon and decarbonized technologies in the ASEAN region. CEFIA has been studying the bottlenecks and enablers of Cleaner Energy Finance and is now planning to develop a roadmap to materialize and implement them. In this session, we will further clarify the expected roles of key stakeholders such as governments, ASEAN local banks, and international development banks, and discuss the capacity building for ASEAN local banks and frameworks and mechanisms to facilitate the mobilization of funds, which are necessary for the CEFIA’s platform to function.

    [Moderator]
    Mr. Enrique I. Florencio, Group Head, Operations & Sustainability Officer, Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)

     

    [Panelists]
    Mr. Siddhartha Shah, Director, Advisory Division 2, Office of Public-Private Partnership, Asian Development Bank (ADB)


    Mr. Colin Chen, Deputy General Manager, Head of Structured Finance Department, Asian Investment Banking Division, MUFG Bank Ltd.


    Mr. Rustico Noli D. Cruz, Vice President and the Head of the Program Development and Management I Department, Development Bank of the Philippines


    Mr. Mason Wallick, Managing Director of Clime Capital, Pte Ltd, Southeast Asia Clean Energy Facility (SEACEF)

     

    Dr. Peter du Pont, Ph.D., Managing Partner, Asia Clean Energy Partners Ltd., Asia Regional Coordinator, Private Financing Advisory Network (PFAN)

     

     

     

    Short break 14:00-14:15 (UTC+7) 

     



    Virtual Workshop 14:15-15:15 (UTC+7) 

    Visualization of carbon footprint reductions by financial institutions

     

    Green/Clean energy finance has increased globally while financial institutions have faced pressure to disclose climate-related information related to their portfolio. Also, green projects have opportunities while they have some specific risks. To cope with these risks and opportunities, financial institutions need to "visualize" their risks and opportunities of green finance to manage them. Under such circumstances, International Finance Corporation (IFC), a private arm of the World Bank Group, has developed the Climate Assessment of Financial Institutions, CAFI, and over 100 financial institutions have already implemented this platform to assess the climate impact of their portfolio. In this session, taking CAFI as a good practice of visualization of climate impact by banks, and inviting a leading person who developed CAFI, CAFI introducing banks and experts in the green finance field, how to approach the visualization of the climate impact for financial institutions will be discussed.
    CAFI is a registered trademark of International Finance Corporation.

    [Moderator]
    Dr. Ayuha Shinji, Research Director, Climate Change Solutions Group, Sustainability Division, Mitsubishi Research Institute, Inc.


    [Panelists]

    Mr. Gursimran Rooprai, Inventor of CAFI®, Financial Institutions Group and (current) member of IFC Treasury team, International Finance Corporation (IFC)


    Mr. Anouj Mehta, Southeast Asia Department, Innovation hub, Principal infrastructure specialist, Asian Development Bank (ADB)


    Mr. Rodrigo Fermin P. Martinez, Project Origination Expert (Consultant), Asian Development Bank (ADB)


    Ms. Ma. Nanette A. Biason, Head of Finance and Investment Center, Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)


    Ms. Sushara Vidyasagara, Chief Manager, Investment Banking, Investment Banking Unit Commercial Bank of Ceylon, PLC (CBC)