PE2 promotes ESCO model and women in EE during ACEF 2019

  • PE2 officers Ruth Yu-Owen and Alexander Ablaza speak during various sessions and workshops of the Asia Clean Energy Forum 2019. (Photos: ACEF, PE2)
    PE2 officers Ruth Yu-Owen and Alexander Ablaza speak during various sessions and workshops of the Asia Clean Energy Forum 2019. (Photos: ACEF, PE2)

ADB HEADQUARTERS, MANDALUYONG CITY, 21 June 2019 – The Philippine Energy Efficiency Alliance (PE2) actively promoted the energy service company (ESCO) business model and women in energy efficiency (EE) during various sessions and deep-dive workshops of the Asia Clean Energy Forum (ACEF) 2019.

Chosen to be one of the powerful closing plenary speakers of ACEF 2019 because of the nexus of clean energy and gender balance, PE2 vice president for external affairs Ruth Yu-Owen showcased the development impacts of her co-founded Connected Women, a social impact online job-matching platform dedicated to women seeking to work digitally from home.

During a deep-dive workshop co-organized by the Asia-Pacific ESCO Industry Alliance (APEIA) on 17 June 2019, PE2 president and APEIA co-chair Alexander Ablaza declared that the ESCO business model is making a strong comeback globally and that 60% of global ESCO business originates from Asia. He explained further that across the globe, ESCOs will have to mobilize a significant share of the $16.5 trillion in off-balance sheet capital flows to bridge the global $ 24.5 trillion energy efficiency capital requirements through 2040. In the same workshop, Ablaza presented the business-as-usual ESCO contracting models in the Philippine market, but stressed that innovative financial structures and equity flows will be needed to strengthen the local ESCO sector.

Ablaza was requested by ADB’s Internal Evaluation Department to speak on the value of clean energy project monitoring and evaluation during a lunch-time panel discussion on 21 June 2019. The PE2 president explained that the ESCO industry is highly reliant on robust measurement and verification capacities to enable to attract capital flows and growth of the ESCO performance contracting business. He explained that the new EE law which PE2 pushed in the last few years includes reportorial obligations of medium and large energy end-users, which will be needed to aid market-wide capture of energy efficiency impacts.

Ablaza was also invited by the International Energy Agency and the German development agency GIZ to present on scaling up efficient cooling through ESCO finance during another deep-dive workshop held on 21 June 2019.

ACEF sessions and the APEIA events were well supported by the active attendance of PE2 trustees, officers and member representatives.

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