The 19th Asia Clean Energy Forum (ACEF) 2024, held from June 3-7 at the Asian Development Bank (ADB) Headquarters in Manila, gathered more than 1,200 clean energy practitioners from 71 countries under the theme “Accelerating the Clean Energy Transition and Ensuring Energy Security and Affordability – Time for Urgent Action Now.”
ADB President Masatsugu Asakawa opened the Forum by highlighting ADB's commitment to mobilizing $100 billion of financing for climate initiatives over the next decade. Keynote speakers reinforced the need for immediate climate action and shift to clean energy.
The forum featured 50 sessions, including 16 Thematic Track Sessions that discussed important aspects of the energy transition, particularly how we can triple renewable energy capacity and double progress in energy efficiency by 2030.
• Sessions in Thematic Track 1 (Renewable Energy) covered strategies for prioritizing renewable energy and accelerating investments to achieve this goal.
• Sessions in Track 2 (Energy Efficiency) outlined strategies to double progress on energy efficiency, focusing on regulations, incentives, and comprehensive policy packages to drive market transformation.
• Sessions in Track 3 (Electricity Transmission and Distribution) highlighted the need for significant investments in grid infrastructure to integrate renewable energy, emphasizing the importance of governance frameworks and financial planning.
• And finally, sessions in Track 4 (Hard to Abate Sectors) explored a range of innovative clean energy solutions, including green hydrogen; carbon, capture, utilization and storage (CCUS); and advanced digital solutions for industrial decarbonization. Speakers stressed the need for improved policy frameworks and effective financing mechanisms.
ACEF 2024 also featured Regional Sessions covering clean energy initiatives across the subregions of Asia and the Pacific. A significant area of focus was the role and importance of cross-border electricity trade to enhance regional energy security. Meanwhile, Spotlight Sessions covered emerging topics such as comprehensive energy planning, clean energy integration, and the role of women in bridging the clean energy financing gap.
The forum concluded with speeches and panel discussions on how we can achieve a clean energy transition that leaves no one behind.
As with previous ACEFs, this year’s event successfully fostered an environment for clean energy stakeholders to connect and share knowledge, innovative approaches, and financing solutions. The outcomes shared and the commitments made at ACEF set a strong foundation for achieving a just and inclusive energy transition for Asia and the Pacific.
For more details and insights from ACEF 2024, you can access the video recordings by visiting the session pages: https://asiacleanenergyforum.adb.org/agenda/full-agenda-2024/