Energy security is a multifaceted problem in developing Asia. An estimated 426 million people, or about 12% of the population in Asia and the Pacific, still lack access to electricity. Rural areas, in particular, lack electrification, highlighting the disparity compared to urban areas. Meanwhile, fossil fuels (oil, natural gas, and coal) are the main sources of energy for many Asian countries. Overdependence on one or two energy resources (such as coal for PRC) or on energy imports (as in the case of Japan) endangers energy security. Furthermore, Southeast Asian countries, with their booming economies, have steadily increased their carbon emissions in the last two decades. The region's CO2 emissions grew more rapidly between 1990 and 2010 than in any other part of the world, with the ADB warning that the resultant global warming could trigger floods, water shortages, and economic losses. Energy security therefore requires promoting (i) accessibility, (ii) self-sufficiency, and (ii) diversification of energy resources, which also helps make economies resistant to energy price fluctuations.
Switching from fossil fuels to renewable energy resources (hydro, solar, wind, geothermal), and increasing the latter’s share in energy production among Asian economies would not only increase self-sufficiency and diversify energy sources, it would also help reduce CO2 emissions. However, green energy projects (e.g., solar power plants, wind power generators) require much investment and are often considered risky by banks. New schemes of financing are thus required.
ADBI is working to help craft energy security policies in developing states. This workshop will include discussions on the challenges associated with financing and constructing green energy projects to improve access to electricity for the millions of people who still live without it, and with diversifying countries’ energy resource baskets to ensure energy security and self-sufficiency.
- To highlight current challenges in improving energy self-sufficiency in Asia; and
- To enhance the capacity of policy makers in ADB’s DMCs by increasing their knowledge about ensuring energy self-sufficiency and security in the region.
About 70 participants and speakers to be drawn from governments, including ministries of energy and power, and other relevant government agencies engaged in financing energy projects.
Attendance in all sessions and participation in discussions.
Clear understanding of green energy projects, energy technology, energy policy, and energy financing.
How to register
By invitation only.
Ministry of Energy and Mines, Lao PDR, Ministry of Home Affairs, Lao PDR and Economic Research Institute for ASEAN and East Asia (ERIA)
Time of event
09:00 - 18:00Stay up to date Subscribe to our newsletter and get the latest issues, news, events, jobs and data in your e-mail inbox.