Event - Asia Clean Energy Summit: Energy Efficiency: Building a Low-Carbon Asia and the Pacific
Asia Clean Energy Summit: Energy Efficiency: Building a Low-Carbon Asia and the Pacific
ADB, SEAS, SEforALL and ECCJ
- Energy Efficiency
- Energy Access
2021/10/27 9:00 am CEST
2021/10/27 11:30 am CEST
Growth in Asia and the Pacific has resulted in increased demand for building floor area and energy-consuming services. As an indication, in 2018, the building sector of the Association of Southeast Asian countries, the People’s Republic of China (PRC) and India accounted for 27 percent of their combined final energy use and 24 percent of their energy-related carbon dioxide emissions, excluding emissions from manufacturing building materials. Energy demand is projected to almost double in Asia and the Pacific by 2030. New building construction in the region is expected to represent nearly half of the world’s total by 2040. The potential of energy efficiency, especially end-use energy efficiency in buildings, in Asia and the Pacific remains high. Many countries in the region that have taken determined measures to systematically address energy efficiency in their policies and regulation have demonstrated declining energy intensities. According to the International Energy Agency’s World Energy Outlook 2019, energy efficiency and the decarbonisation of electricity in Asia has the potential of reducing annual emissions from buildings in 2040 by almost 3,000 megatonnes of carbon dioxide. Material efficiency could bring significant additional reductions in greenhouse gas (GHG) emissions in the material lifecycle of buildings, with potential reductions of over 80 percent in the PRC and 50 percent in India for residential buildings. This track will discuss the challenges of energy efficiency and how to create an enabling framework for promoting efficiency gains on the demand-side to save costs, reduce air pollution and curtail carbon footprint, by way of advanced clean technologies and solutions and the use of innovative business models and financing instruments.