Thanks to your enthusiastic participation, the IEEFA Energy Finance Conference 2024, held from September 2 – 4, 2024, in Kuala Lumpur, Malaysia, was an incredible success.
Over three days, we explored Asia's energy transition issues through 22 thought-provoking sessions, interactive panels, and inspiring keynotes from industry leaders. 81 global energy and financial experts provided keen insights and shared innovative solutions with delegates from over 25 countries. Topics included unlocking green finance solutions, tracking the expansion of renewable energy technologies, and analyzing the financial headwinds for fossil fuels. The agenda also featured workshops on Just Energy Transition Partnership (JETP), decarbonizing transport, and corporate decarbonization in the region’s Environmental, Social, and Governance (ESG) ecosystem.
Apart from sharing their expertise at the conference, our team also examined other important issues in new publications:
As countries across Asia develop their green taxonomies, adhering to best practices will be crucial for fostering a sustainable financial ecosystem. Our report examines the evolution of green taxonomies in the region, highlighting the need to establish clear definitions, robust criteria, and stakeholder engagement and accountability mechanisms to guide investments toward environmentally beneficial activities.
Japan’s reinstated subsidies encourage the consumption of expensive fossil fuels, delay the transition to cheaper renewable energy, and contradict the country’s 2050 net-zero goal. Our commentary emphasizes the need for a coherent long-term inflation strategy that redirects subsidies towards renewables, improves energy self-sufficiency and the primary balance, and enhances industrial competitiveness.
Thank you again for making our first IEEFA Energy Finance Conference in Asia impactful. We look forward to continuing our collaboration with you to accelerate the energy transition across Asia.
Paige Nguyen
Regional Director, Asia Institute for Energy Economics and Financial Analysis
The IEEFA Asia team
The IEEFA Asia Pacific team would like to thank everyone who attended and helped make the IEEFA Energy Finance Conference 2024 a success.
Watch some highlights from the IEEFA Energy Finance Conference 2024, themed "Accelerating the Energy Transition in Asia", which took place from September 2 - 4 at the Hilton Kuala Lumpur, Malaysia.
Paige Nguyen, IEEFA’s Regional Director, Asia, delivered the opening remarks.
“Asia has the opportunity to significantly replace dirty, costly fossil fuel imports with domestically produced, stable, and clean energy. But misconceptions and vested interests persist. Our task is to clear the way, guiding the region away from false solutions and towards a sustainable and prosperous future. It is this mission that unites us all.”
Grant Hauber, IEEFA’s Strategic Energy Finance Advisor, Asia (R) moderated the “JETP & Just Transition” workshop with panelists (L-R) Sangeeth Selvaraju (Grantham Research Institute, London School of Economics), Swati Dsouza (Asian Development Bank [ADB]), Putu Indy Gardian (JETP Secretariat Indonesia), Dinita Setyawati (Ember Climate), Pradip Swarnakar (University of Technology Sydney), and Ajay Kr Rastogi (Sustainable Just Transition Task Force).
The “LNG Carrier Market Trends: Enablers & Challenges” workshop, hosted by Solutions for Our Climate (SFOC), was moderated by Jamie Lee (Natural Resources Defense Council) (3-L) and featured panelists (L-R) Dongjae Oh and Rachel Eunbi Shin (SFOC), Sam Reynolds (Research Lead, LNG/Gas, Asia, IEEFA), Kevin Milla (Zevero), and Gerard Arances (Center for Energy, Ecology, and Development [CEED]).
The “Asia Regional Outlook on the Future of Fossil Fuels” discussion was moderated by Purva Jain (Energy Specialist, Gas & International Advocacy, IEEFA) (L), and included panelists (L-R) Christopher Doleman (LNG/Gas Specialist, Asia, IEEFA), Dongjae Oh (SFOC), Ghee Peh (Energy Finance Specialist, Asia Coal Markets, IEEFA), and Eleanor Whittle (Ember).
Ramnath N. Iyer, IEEFA’s Sustainable Finance Lead, Asia (L), moderated the “Catalyzing Private Capital for the Energy Transition in Emerging Asia” session with panelists (L-R) Sathanbabu Mathankumar (Tamil Nadu Infrastructure Fund Management Corporation), Asif Cheema (ADB), and Luke Foley (Private Infrastructure Development Group).
Sam Reynolds, IEEFA’s Research Lead, LNG/Gas, Asia (L), and Gerard Arances, Executive Director, CEED, discussed “Navigating an Energy Crossroads in Southeast Asia” at a lunchtime learning session.
Christopher Doleman, IEEFA’s LNG/Gas Specialist, Asia (L), moderated the “Japan & South Korea’s Role in Asia’s Transition” session, with panelists (L-R) Michelle (Chaewon) Kim (Energy Finance Specialist, South Korea, IEEFA), Dr. Kimiko Hirata (Climate Integrate), and Dr. Seungwan Kim (NEXT Group).
The discussion on “Resilient Pathways: Critical Minerals Supply Chain” was moderated by Ghee Peh, IEEFA’s Energy Finance Specialist, Asia Coal Markets (L), with panelists (L-R) Cong (Shirley) Wang (SMM Information & Technology Co.), Saksham Nijhawan (Forum for the Future), and Brad Adams (Climate Rights International).
“The Economics of Carbon Capture & Storage (CCS)” session was moderated by Haneea Isaad, IEEFA’s Energy Finance Specialist, Pakistan (L),and featured panelists (L-R) Grant Hauber (Strategic Energy Finance Advisor, Asia, IEEFA), Amandine Denis-Ryan (CEO, Australia, IEEFA), and Nan Wang (MUFG Bank).
IEEFA’s Sam Reynolds (L) moderated the discussion on “Uniting the Region: Inflection Points in Asia’s Energy Transition” with panelists (L-R) Sonal Agarwal (EY), Julia Skorupska (Powering Past Coal Alliance), Azlan Mohd Kordi (MyPOWER Corporation), and Namita Vikas (auctusESG).
Engagement Update
On September 26, IEEFA's Sam Reynolds attended a bicameral meeting on U.S. LNG exports organized by Senator Edward J. Markey, co-chair of the Senate Climate Change Task Force and chair of the Environment and Public Works Subcommittee on Clean Air, Climate, and Nuclear Safety.
“The majority of new U.S. LNG production will go to large international trading companies, which are betting on their ability to resell it wherever they can get the highest price. Not only is this assumption making U.S. gas markets more volatile and costing domestic consumers, but it’s also a risky proposition as LNG demand in Northeast Asia and Europe falls. Instead, these traders will increasingly rely on growth in emerging Asian economies, where LNG faces intense price competition from cleaner, cheaper, and more secure renewable resources."
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