Scheduled for September 3 - 4, 2024 in Kuala Lumpur, Malaysia, our conference will bring together energy and financial experts in Asia and from around the world to focus on effective solutions in Asian energy markets.
The conference is by-invitation only. To request an invitation, please click here.
In recent weeks, our team has delivered analyses on some key issues in Asia's energy transition:
Indonesia was burdened with a US$8 billion electricity subsidy and compensation in 2022 due to PT Perusahaan Listrik Negara's (PLN) heavy reliance on coal-fired power plants. Our report finds that the gradual retirement of these power plants and acceleration of solar and wind developments can be a win-win solution to achieving PLN's financial sustainability and the country's Paris Agreement commitment.
As Indonesia aims to become a leading electric vehicle (EV) battery producer, we highlight that the country should start using renewable energy sources for smelter operations due to increasing attention from stakeholders, such as banks and metal traders, and the international community demanding low-carbon solutions.
In Pakistan, various furnace oil-based independent power producers are considering converting to Thar coal to align with the country’s goal of indigenizing its power generation fuel mix. Our briefing note reveals that cheaper and cleaner alternatives present simpler solutions than a technically complex retrofit.
We are also pleased to welcome Michiyo Miyamoto (Energy Finance Specialist, Japan) and Ayesha Aslam Faisal (Editor and Copywriter, Asia) to IEEFA. Michiyo's expertise in the trends, regulations, and policies in Japan's energy sector will support our research and engagement in this critical market. Ayesha's extensive writing and editing experiences will enhance our publication quality.
Paige Nguyen
Regional Director, Asia Institute for Energy Economics and Financial Analysis
IEEFA Energy Finance Conference in Asia 2024
The levers necessary to accelerate the energy transition in Asia are available, accessible, and feasible. But technological, financial, and policy barriers often prevent progress.
Please join energy and financial experts, community leaders, environmental advocates, investors, philanthropists, and journalists from around the world as we focus on how to break down these barriers and deploy practical and effective solutions in developed and emerging energy markets. The draft agenda is available on our website.
The conference is by invitation only. Registration is free. Click here to register your interest to attend, either in-person or virtually.
Indonesia’s path to global EV dominance starts with green smelting
Mutya Yustika and Ghee Peh
May 31
Indonesia's ambition to become a leading EV battery producer is commendable. However, it is important to consider the carbon intensity and environmental impact of coal-fired electricity generation, which could threaten the country's EV aspirations.
“Indonesia’s dream to lead the global electrical EV battery industry depends on its ability to accelerate its transition to renewable energy.”
Can aging thermal power plants in Pakistan be revitalized?
Haneea Isaad
May 22
In line with Pakistan’s dedication towards indigenizing its energy mix, a new proposal is gaining traction: retrofitting existing furnace oil-based power plants with coal-fired boilers so that they can run on Thar coal.
“Given the potential for cheaper, more environmentally friendly power projects with shorter turnaround times, the feasibility of extending the lifetime of aging thermal power plants should be reconsidered.”
Pathways to financial sustainability for PLN through renewable energy development
Mutya Yustika
May 13
Indonesia has under seven years to fulfill its Paris Agreement commitments, and its national electric utility, PLN, can play a leading role in decarbonizing the country’s energy sector and developing renewable energy projects.
“Subsidies and compensation for PLN have become a significant burden on the government’s budget and will remain so for the foreseeable future. The gradual retirement of these coal-fired power plants offers benefits such as decreasing exposure to coal price volatility and reducing the significant maintenance costs.”
Michiyo is an Energy Finance Specialist at IEEFA, specializing in Asian energy markets, particularly Japan. Her background includes experience in climate change policy, market analysis, and a keen interest in both Japanese and global shifts towards decarbonization.
Before joining IEEFA, Michiyo’s career was primarily within Japanese and international governmental bodies. In these roles, she functioned as a secretary and an investment adviser, focusing on sustainable energy market research. She holds a Bachelor of Economics, with a specialization in Environmental Economy and Public Policy from Chuo University in Tokyo, Japan. She also has a Master of Arts in Security and International Development from King's College London, United Kingdom.
Ayesha Aslam Faisal
Ayesha is IEEFA’s Editor and Copywriter, Asia. She is a communications professional with over 18 years of experience in creating compelling narratives and refining written content for diverse audiences. She holds a Bachelor of Science (Honours) with a specialization in Computer Science from the Lahore University of Management Sciences in Pakistan, and a Master of Arts in Mass Communications from the University of Leicester, United Kingdom.
Engagement Update
From left to right: Moderator: Jordan Lee (TBI); Panelists: Yosuke Sato (JOGMEC), Michelle Kim (IEEFA), Marc Howson (Welligence)
At the recent Future LNG Asia Strategic Summit in Bangkok, Thailand, IEEFA's Michelle Kim (Energy Finance Specialist, South Korea) joined a panel discussion and presented key findings from her recent publications, including South Korea's liquefied natural gas (LNG) overbuild.
Global Highlights
Japan does not need Australian LNG to keep the lights on in Tokyo
IEEFA Australia
May 17
The Australian government’s Future Gas Strategy anticipates continued demand for LNG exports, but IEEFA's Amandine Denis-Ryan and Josh Runciman say that the country's biggest export market, Japan, is already in decline and over-supplied.
Their research found that:
Japan’s LNG demand dropped by 25% since 2014 and is expected to drop by a further 25% by 2030.
Japan is already over-contracted in LNG, and resells more LNG overseas than it imports from Australia.
Japan will have many suppliers to choose from in a soon-to-be-oversupplied global LNG market dominated by low-cost producers.
Industrial energy efficiency to curb Bangladesh's short-term LNG demand growth
IEEFA South Asia
May 13
Rather than import more LNG to meet escalating domestic demand, measures to improve energy efficiency could save Bangladesh US$460 million a year and help wean the country off its expensive import dependence, according to a new report by IEEFA's Shafiqul Alam, Lead Analyst, Energy, for Bangladesh.
"An insatiable appetite for gas could lock Bangladesh into a vicious cycle of spiraling prices and supply issues pertaining to LNG, and threaten to stall its economic transformation."
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