PE2 marks 3rd year of RA 11285 by pushing EE as energy transition’s first fuel
MAKATI CITY, 21 April 2022 – The Philippine Energy Efficiency Alliance (PE2) celebrated the second annual Energy Efficiency Day to mark the third anniversary of the passage of Republic Act 11285, or the Energy Efficiency and Conservation (EE&C) Act, by positioning energy efficiency (EE) as the first fuel to jumpstart the energy transition of the global and local economy. The event was held as two half-day webinars on 20-21 April 2022.
PE2 gathered EE visionaries, thought leaders, and luminaries from the government on the latest on climate finance EE policy, ESCOs, third-party investments, sustainable cooling, digitalization, and innovative technologies.
PE2 president Alexander Ablaza welcomed all participants saying: “The Energy Efficiency and Conservation Act is the one most significant policy tool to shift a market from a voluntary to mandatory market regime, to send an assuring market signal to investors, lenders and end-users, and to enable innovative procurement, financing and business models. With the law backed now by even more specific guidelines, the Philippines stands a greater chance to shave off 182 million tons of oil equivalent in energy savings across all energy end-use sectors through 2040, creating the country’s single largest energy resource to meet the growing final energy consumption.”
In her opening keynote message, H.E. Grete Sillasen, Ambassador of the Kingdom of Denmark to the Republic of the Philippines, congratulated PE2 for hosting this event, expressed confidence in the significant contribution of EE to the Philippines nationally determined contributions to the Paris agreement, and confirmed readiness of the embassy to connect Danish EE technology and service providers with EE end-users and market stakeholders in the country.
The first technical session was an exchange of views and initiatives on climate finance and EE policy from a panel of international speakers from the development community. Dr. Priyantha D.C. Wijayatunga, Chief of the Energy Sector Group of the Asian Development Bank (ADB), presented the Bank’s recently approved Energy Policy and elaborated on how EE, especially demand-side EE, is major thrust of ADB’s assistance to the energy sector of its developing member countries. John Robert Cotton of UNOPS’ Southeast Asia Energy Transition Partnership (ETP) shared some of their EE market findings and discussed how ETP’s Energy Efficiency Innovation Window is removing a significant gap in EE capital mobilization through early-stage grant support. Melanie Slade, Senior Programme Manager, Energy Efficiency in Emerging Economies (E4) of the International Energy Agency (IEA), explained how EE should be positioned as the first fuel in the global net-zero transition by sharing recent trends in EE markets, diving deeper into the role of EE in delivering net zero by 2050, and how digitalization is changing the EE market.
Peter Lundberg, Executive Director of the Asia Pacific Urban Energy Association (APUEA) kicked off the next technical session on sustainable cooling by proposing the scaled-up utilization of district cooling systems to meet the growing cooling demand in Southeast Asia. Niño C. Falamig, who heads AdvanTEC service operations of Concepcion-Carrier Air Conditioning Co. explained how Carrier's AdvanTEC Solutions helps end-users achieve energy efficiency. Wesley Andre Chu, Deputy Division Manager, Daikin Airconditioning Philippines, showcased the efficiency of variable refrigerant flow systems.
Michael Lederer, Technology Attaché of the Austrian Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology, closed the first day by sharing Austria’s EE policy journey toward passing its own regulations and laws and how these have accelerated deployment of EE technologies in its domestic market.
The second day of the event was opened with a keynote message of Atty. Felix William B. Fuentebella, Senior Undersecretary for Power, Renewable Energy, Planning and Investments of the Department of Energy (DOE). Usec. Fuentebella emphasized how decarbonizing the energy sector with energy efficiency as the first fuel contributes significantly to the projected impacts of the clean energy scenario of the Philippine Energy Plan 2018-2040. Ma. Corazon Halili-Dichosa, Executive Director, Industry Development Services of the Board of Investments, delivered the second opening keynote message on the importance of energy efficiency and how it will continue to be among the strategic investment priorities under the CREATE-SIPP framework.
Energy service companies (ESCOs) and third-party investments were the topics of the third technical session. Dr. Søren E. Lütken, Chair, Global ESCO Network, UNEP Copenhagen Climate Centre presented global ESCO market trends and the challenges faced in encouraging more ESCO-based country responses to nationally determined contributions. Alex Rathmell, Managing Director – Consultancy, EP Group, presented the
ESCO-in-a-Box licensing model, which is being rolled out in the Philippines. Climargy CEO Alexander Ablaza and Head of Investment Operations Mikhael Fiorello C. Llado CFA ERP, took turns to explain how Climargy, Asia’s pioneering equity vehicle for ESCO-led EE upgrades in the C&I sector, is addressing a local and regional market failure for energy efficiency portfolio finance.
The fourth technical session had presentations on innovation in end-user adoption of EE technologies and other interventions. John Colombo, Indonesia country manager of Clime Capital-managed Southeast Asia Clean Energy Facility (SEACEF), explained how its first investment in EE catalyzes investments toward this new clean energy asset class in Indonesia. Colin Steley, Chief Sustainability Officer of Stratcon Power Services Philippines, presented on the optimization of commercial and industrial facility EE through supercapacitor energy storage systems. Lee Wei Yang, Senior Analyst of Carbon Trust-led ASEAN Low Carbon Energy Programme (LCEP) discussed the EE opportunities in business establishments, with a deep-dive discussion on SME applications.
Senate Committee on Energy Chairman, Senator Sherwin T. Gatchalian delivered the closing keynote message, reporting on the status of enforcement and market response to Republic Act 11285, after three years since the passage of the law. He called on both the government and private sector to step up activities leading to increased awareness and compliance with EE&C Act.
PE2 vice president for internal affairs Ruth Yu-Owen served as the master of ceremonies during both half-day webinars. Owen was joined by Ablaza, PE2 vice president for external affairs Theresa Acedillo-Lapuz, and PE2 policy committee member Colin Steley as moderators of the technical sessions. Lapuz, who also chairs the EE Day committee, was joined by Owen and Ablaza in closing the two-day event.
To visit the EE Day 2022 event page: https://www.pe2.org/energy-efficiency-day