Achieving Energy Security in Central Asia: Role of Renewable Energy | Asian Development Bank

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Achieving Energy Security in Central Asia: Role of Renewable Energy

Event | 12 - 13 March 2018 Baku, Azerbaijan
Time of event

09:00–18:00

Background

Energy security is closely related to the availability of natural resources for energy consumption. Surprisingly, resource-rich countries also experience energy insecurity because they overly depend on their natural resources, which could make them vulnerable to energy price shocks. Many developing countries in Central Asia have this problem. Strengthening energy security by diversifying energy sources to include alternative green resources has therefore become crucial.

However, two barriers hinder the development of renewable energy projects. First, major renewable energy projects have a lower rate of return than fossil fuel energy projects. Second, many banks and financial institutions are reluctant to lend to renewable energy projects, considering them risky. Technological progress is required to reduce electricity generation costs and increase the rate of return. Alternative financial solutions such as non-bank financial institutions, carbon taxation and the use of tax income, issuance of green bonds, community-based financing, fintech, and so on are also needed.

ADBI and the Central Asia Regional Economic Cooperation (CAREC) Institute will hold a 2-day course-based training program for officials of 11 CAREC countries to share critical knowledge on developing renewable energy to achieve energy security.

Objectives
  • Examine the role of renewable energy in promoting energy security in Central Asia.
  • Improve understanding of various policy, regulatory, technical, and financial aspects of renewable energy deployment, including key challenges and opportunities for increasing uptake of renewable energy in the region.
Participants

About 22 mid-level government officials from the ministries of energy, power, infrastructure, and related agencies of CAREC countries (Afghanistan, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, People’s Republic of China, Tajikistan, Turkmenistan, and Uzbekistan)

Output
  • Better knowledge and enhanced capacity of Central Asian countries in understanding renewable energy deployment and energy security
  • Enhanced dialogue among government officials and experts on key issues related to the policy, regulatory, technical, and financial aspects of renewable energy deployment and their implications for achieving energy security
  • List of best practices and policy recommendations to promote renewable energy development, energy efficiency, and energy security in Central Asian countries
  • Presentation materials, case studies, and country papers on renewable energy development and energy security in Central and West Asia, uploaded to ADBI and CAREC Institute websites
How to register

By invitation only

Partners

Central Asia Regional Economic Cooperation (CAREC) Institute