ASEAN Low Carbon Energy Programme Project Dates: January 2018 - December 2022
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PROJECT OBJECTIVE

It supports four broad types of activity: capacity building of government, institutions and business; policy reform of energy frameworks and standards; market development by strengthening connections between project developers and investors; raising awareness of available technologies to increase the uptake of energy efficient products and services; and partnership coordination and commercial ventures. All components of the programme aim to improve energy security and inclusive access to clean and reliable energy sources, with direct benefits for the most vulnerable populations, including women. The LCEP focuses on two topics – Green Finance (GF) and Energy Efficiency (EE). The Carbon Trust is leading the delivery of the EE component in five countries: Malaysia, Myanmar, the Philippines, Thailand, and Vietnam.

PROJECT DESCRIPTION

The programme will deliver a 15 million pounds, 4-year programme of policy support, capacity building and technical assistance. This aims to facilitate green finance flows and improve the regulatory, policy and practical conditions for energy efficiency measures. It aims for 5 specific outcomes:

  • strengthened policy and regulatory framework for green finance and energy efficiency
  • greater investment in low carbon technologies, energy efficiency savingsimproved ease of doing business and
  • innovation and knowledge transfer of low carbon economies.

South east Asia has a population of more than 600 million people – and has a combined GDP equivalent to the world’s 7th largest economy. It is the 4th largest exporting region in the world, a major manufacturing hub and is important to global trade flows. While still comparatively strong, economic growth in the region has moderated in recent years and economic inequality is growing, with 87 million people still below national poverty lines. The region’s continued economic growth will partly depend on whether it can meet its growing energy demand and the huge energy challenges it faces. The Prosperity Fund ASEAN Low Carbon and Energy programme has been designed to address these issues, in compliance with the International Development (Gender Equality) Act, where the UK can add the most value. This programme will operate in the 6 largest south east Asian countries: Indonesia, Malaysia, Myanmar (Burma), the Philippines, Thailand and Vietnam. It will cover 95% of south east Asia’s total population, 95% of those in poverty and 86% of its GDP.




CONSULTANTS

IMC Worldwide



BUDGET

USD 20,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. UK - The United Kingdom
PROJECT CONTACT PERSON

Name:Gilles Pascual

Email: gilles.pascual@sg.ey.com

IMPLEMENTING AGENCY OR AGENCIES

CONTRACTOR

Ernst & Young

SUPPORT TYPE
SUPPORT SUBTYPE
  • Capacity Building
ADDITIONAL INFORMATION

Primary benefits: Inclusive growth and poverty reduction through increased energy efficiency and adoption of low carbon energy, through the use of green finance Secondary benefits: Improved trade in green finance, energy efficiency and low carbon technology between partner countries and rest of the world, including the UK


PROJECT OUTPUTS AND ACTIVITY
KNOWLEDGE HUB
News and Updates
Events
BUDGET

USD 20,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. UK - The United Kingdom
PROJECT CONTACT PERSON

Name:Gilles Pascual

Email: gilles.pascual@sg.ey.com

IMPLEMENTING AGENCY OR AGENCIES

CONTRACTOR

Ernst & Young

SUPPORT TYPE
SUPPORT SUBTYPE
  • Capacity Building