IEA invites APEIA head to share PE2 efforts to push EE as stimulus

Date Published: 
October 13, 2020
  • Speakers and moderators from IEA, APEIA-PE2, ASEAN Centre for Energy, EMCA and BEE pose for a screenshot during an IEA webinar on 13 October 2020. (Screenshot image: PE2)
    Speakers and moderators from IEA, APEIA-PE2, ASEAN Centre for Energy, EMCA and BEE pose for a screenshot during an IEA webinar on 13 October 2020. (Screenshot image: PE2)

PARIS, 13 October 2020 – The International Energy Agency (IEA) held earlier today a webinar “Energy Efficiency in the Time of COVID-19: Supporting the Economic Recovery in Emerging Asia.”

Speakers in IEA’s regional webinar included Brian Motherway, Head of the Energy Efficiency Division, IEA; Alexander Ablaza Co-chair, Asia-Pacific ESCO Industry Alliance and President, PE2; Abhay Bakre, Director General of the Bureau of Energy Efficiency, India; Rio Jon Piter Silitonga, Sustainable Energy, Renewable Energy and Energy Efficiency Division, ASEAN Centre for Energy (ACE); and, Lily Zhao Ming, Vice Director of the China Energy Conservation Association (EMCA). IEA Senior Programme Officer Melanie Slade moderated the discussions.

PE2 used international data to demonstrate that energy efficiency is a cost-effective and swift job generator to bolster any post-COVID19 economic recovery. In the US, the largest contributor of new jobs created in the energy sector in 2019 was energy efficiency. Energy efficiency contributed a hefty 45%-55% share of new jobs in the US energy sector in the last 3 years.  A survey of 35 energy efficiency programs and stimulus packages across the EU, UK, US, and Canada concludes that an average 19.3 jobs were created for every EUR 1 million invested in energy efficiency. In Australia, energy efficiency jobs were estimated by the Energy Efficiency Council to be within the 58,569-236,353 range, outsizing all other energy sectors. Job potential was estimated at 120,411 job-years.

In an earlier PE2 study prepared in relation to the Department of Energy’s approved 2017-2040 Energy Efficiency and Conservation Roadmap, the national economy will need to mobilize USD 243 billion in energy efficiency capital to be able to avoid at least 182 million tons of oil equivalent in final energy demand across all energy end-use sectors through 2040. Holding all labor intensities constant through time, and using the average 37.42 jobs for every USD 1 million in energy efficiency investments, the economy will be able to create 9.1 million energy efficiency-related jobs in the next 20 years.

Ablaza pointed out that, in comparison to the “Build, Build, Build” (BBB) infrastructure development program through the remaining term of the Duterte administration, energy efficiency projects are estimated to be 45% more labor-intensive than BBB infrastructure development activities, creating significantly more jobs for every USD 1 million invested in long-term or stimulus programs. The BBB program is estimated to create 25.88 jobs/USD million in infrastructure investments, while energy efficiency is expected to generate 37.42 jobs/USD million in energy efficiency capital expenditures.

“Pushing energy efficiency through stimulus legislation is just an initial step. There are other policy interventions possible to enable accelerated spending in public sector energy efficiency projects,” Ablaza concluded.

About PE2

Philippine Energy Efficiency Alliance Inc. (PE2), is a non-stock, non-profit organization of energy efficiency market stakeholders.

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Republic Act 11285

R.A. 11285 - An Act Institutionalizing Energy Efficiency and Conservation, Enhancing the Efficient Use of Energy, and Granting Incentives to Energy Efficiency and Conservation Projects

RA 11285 - Text

RA 11285 - Signed

IRR - Signed

Beyond COVID-19: How governments, ESCOs and innovative financial modalities can mobilize energy efficiency capital through 2040

Working Together to Bridge an Energy Efficiency Financing Gap

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Infographics on Roadmap Targets for Energy Efficiency and Conservation

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