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We are excited to share with you the November edition of the SIPET Highlights, our community newsletter, bringing you the latest updates and news from the Southeast Asia Interactive Platform for the Energy Transition (SIPET). This newsletter is an opportunity for us to connect with our community, share new developments, and offer a closer look at what SIPET offers. This month, we are diving deep into the world of climate finance in the region’s energy transition.

In line with our mission, SIPET is dedicated to establishing a collaborative network of energy transition stakeholders in Southeast Asia, disseminating knowledge and best practices to promote clean, affordable, and secure energy throughout the region.

Spotlight on Issue Paper: Blended Finance for the Energy Transition in Indonesia, The Philippines, and Vietnam

This blog shares the perspectives of John Cotton, Nancy Nguyen, and Peter du Pont on clean energy financing and the blended finance initiative in Indonesia, the Philippines, and Vietnam. John is the Senior Program Manager for Southeast Asia Energy Transition Partnership (ETP) at the United Nations Office for Project Services (UNOPS). In collaborations with the co-author, he provides valuable insights to this paper, delving into the landscape of Clean Energy Financing in the region, assessing the current status and potential for Blended Finance, and presenting recommendations on how philanthropies can contribute to the scale-up of blended finance in Southeast Asia.  Read more here.

Visit SIPET’s JETP page to learn more on how blended finance, a financing cooperation mechanism, is designed to aid coal-dependent economies in a just energy transition in the region.

Promoting Renewable Energy (RE) and Climate Investments Through a Green Credit Line to PT SMI

Credit PT SMI: 1st workshop on blended finance guidance for clean energy project

This collaboration involving PT Sarana Multi Infrastruktur (PT SMI), the European Union (EU), German KfW Development Bank (KfW), and Agence Française de Développement (AFD) is a pivotal initiative aimed at advancing sustainable infrastructure projects in Indonesia. Operating from 2015 to 2025, the partnership focuses on providing essential financial and technical support for renewable energy and climate-related initiatives. This program plays a crucial role in expediting the transition to a low-carbon economy and contributing to post-pandemic economic recovery. Dedicated to overcoming financial barriers and advancing green and healthy infrastructure projects, the collaboration showcases a collective commitment to sustainable development in Indonesia. Read more about the project on SIPET , and PT SMI's website.

Projects such as the highlighted one above are featured in SIPET's Project Mapping Tool, which currently includes over 219 projects in the region, and the list continues to grow. To add your project to the mapping tool, simply sign up as a SIPET Member.

JETP Indonesia Update: CIPP and its series of public consultation

Credit ANTARA/HO-US Embassy in Jakarta: The government of Indonesia and co-leads of the International Partners Group launch the Secretariat for the Just Energy Transition Partnership (JETP) in Jakarta.

The Indonesia Just Energy Transition Partnership (JETP) Secretariat released its Comprehensive Investment Policy and Plan (CIPP) draft, proposing to utilise the US$ 20 billion deal between the Government of Indonesia and the International Partners Group (IPG). The CIPP development is supported by the Technical, Policy, Financial and Just Transition Working Groups.

The CIPP is open for public comments from November 1, 2023 and will be officially launched in November 21, 2023, after a series of public consultations. Continuous updates will be made based on evolving data. To know more about the progress of Indonesia’s JETP, please visit: JETP Indonesia - Southeast Asia Information Platform for the Energy Transition.
 
 
The study presents a comprehensive set of financial policies, mechanisms, and instruments designed to support Thailand's short-, medium-, and long-term carbon neutrality pathway. The report begins with an overview of the global climate finance landscape, investigates Thailand's current position, and concludes with the identification of appropriate financial and economic strategies, measures, and instruments to assist Thailand in achieving its 2050 Carbon Neutral objective in the energy sector.

Accelerating Clean Energy Transition in ASEAN: An Innovative Approach through Blended Finance and Project Preparation Facilities

The report examines renewable energy investments in ASEAN, exploring policy discrepencies, financial obstacles, and project pipelines. It explores the role of project preparation Facilities (PPFs) in overcoming technical, financial, and legal challenges when preparing clean energy projects. 
ABOUT CASEThe  Clean, Affordable, and Secure Energy (CASE) for Southeast Asia Programme aims to shift the energy sector narrative in Southeast Asia towards an evidence-based clean energy transition, with the aim to increase political ambition to comply with the Paris Agreement. SIPET is part of an effort by CASE to accomplish the shift of the energy sector narrative by supporting: (a) research and evidence, (b) transparency and mapping, (c) dialogue with non-energy sector stakeholders, (d) technical assistance on clean energy, and (e) promoting public discourse on the energy transition.CASE is funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK), and jointly implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and international and local expert organisations in the area of sustainable energy transformation and climate change: Agora Energiewende and NewClimate Institute (regional level), the Institute for Essential Services Reform (IESR) in Indonesia, the Institute for Climate and Sustainable Cities (ICSC) in the Philippines, the Energy Research Institute (ERI) and Thailand Development Research Institute (TDRI) in Thailand.

Southeast Asia Interactive Platform for the Energy Transition (SIPET)
c/o Clean, Affordable, and Secure Energy (CASE) for Southeast Asia
Sivatel Tower Unit 1404 14th Floor,
53 Witthayu Road, Lumpini, Pathum
Wan Bangkok 10330, Thailand

Reach out to us:

Website: https://www.sipet.org  | Email: info@sipet.org | LinkedIn: Southeast Asia Information Platform for the Energy Transition - SIPET

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