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METI Parliamentary Vice-Minister Miyamoto Attends the First CEFIA Government-Private Forum

November 28, 2019

On November 27, 2019, Mr. Miyamoto Shuji, Parliamentary Vice-Minister of Economy, Trade and Industry, attended the First Government-Private Forum on Cleaner Energy Future Initiative for ASEAN (CEFIA) held in Manila, the Philippines. Celebrating the inauguration of the forum, an opening session was held in the beginning of the forum jointly with the ASEAN+3 New and Renewable Energy (NRE) and Energy Efficiency and Conservation (EE&C) Forum, and it brought together many stakeholders.

Taking this opportunity, Parliamentary Vice-Minister Miyamoto held a meeting with H.E. Mr. Alfonso G. Cusi, Secretary of the Department of Energy, Philippines, and the two sides exchanged views concerning future cooperation in the field of energy.

At the First CEFIA Government-Private Forum, many presentation speakers stressed the importance of accessing finance through not only combining the introduction of low-carbon technologies and the development of related systems but also advancing collaborative commitments of the public and private sectors to these efforts. They also expressed their expectations for future activities through CEFIA.

1. Joint opening session of the ASEAN+3 New and Renewable Energy (NRE) and Energy Efficiency and Conservation (EE&C) Forum and the First CEFIA Government-Private Forum

The joint opening session brought together government stakeholders and representatives of international organizations, universities, private companies and other entities in the field of energy from not only 10 ASEAN economies but also Japan, China and the ROK, and participants confirmed the importance that Asian countries, where demand for energy is growing, should aim to achieve energy transition and a low-carbon society in the ASEAN region under the leadership of businesses. Moreover, they confirmed that to this end, stakeholders of the public and private sectors in member countries should collaborate toward international cooperation. As a representative of Japan, Parliamentary Vice-Minister Miyamoto attended the session and delivered opening remarks on the significance of realizing a low-carbon society in the ASEAN region.

Key points of the high-level session are as follows.

(1) Opening remarks delivered by Secretary Cusi and Parliamentary Vice-Minister Miyamoto

(2) Speeches by the ASEAN Center for Energy (ACE), the Ministry of Trade, Industry and Energy (MOTIE), the ROK, and the Asian Development Bank (ADB)

2. Bilateral meeting with Secretary Cusi

Parliamentary Vice-Minister Miyamoto held a bilateral meeting with Secretary Cusi, who hosted the forum.

The two sides exchanged views toward further enrichment of cooperation and collaboration in certain fields, including electricity and energy saving, in the Philippines as well as future activities by CEFIA. Specifically, they confirmed that Japan and the Philippines will advance CEFIA-based cooperation focusing on certain subjects, including improving electrification accessible by people on islands and low carbonization in the transport sector.

3. Convening of the First CEFIA Government-Private Forum

At the First CEFIA Government-Private Forum, participants explained CEFIA’s key concept, its potential in future cooperation and projects to be conducted under the framework of CEFIA (flagship projects), shared best practices in respective member countries, and held discussions on elements that accelerate energy transition and low carbonizations in finance and other fields.
 
Key points of the forum are as follows.

(1) Session 1: CEFIA’s concept and future cooperation

The session held presentations and opinion exchange concerning a variety of issue, including: the purposes for inaugurating CEFIA, CEFIA’s activities and the three elements of low carbonization, systems and funds; explanations on possible cooperation provided by ACE; and expectations held by private companies in ASEAN+3 economies and the International Energy Agency (IEA).

(2) Session 2: Introduction of flagship projects ideas

As candidate flagship projects to be conducted under the framework of CEFIA, participants introduced Zero Energy Buildings (ZEB), automatic control technology called “RENKEI” for plants and other facilities, FinTech technologies, and wind power generation operable even in typhoon weather. Moreover, ACE explained the ASEAN energy action plan and showed priority matters that should be adopted in developing CEFIA flagship projects. Following this, METI explained Japan’s concept on the Task Force on Climate-related Financial Disclosures (TCFD), a platform on which Japan encourages companies to enhance corporate value to win green finance in the Asian region.

(3) Session 3: Enhancement of corporate value and successful financing through CEFIA

A panel discussion of experts from ACE, ADB, the Land Bank of the Philippines, and the Association of Development Financing Institutes in Asia and the Pacific (ADFIAP) was held. The experts held proactive discussions on roles played by governments and the private sector toward creation of new markets by introducing low carbon technologies, roles played by financial institutes, ideal approaches to connecting CEFIA’s activities with SDGs or ESG elements and other issues.
 
Through this forum, METI found anew the importance of public-private collaboration to achievea virtuous cycle of environment and growth. Specifically, it considers it indispensable to construct a framework in which the CEFIA member countries advance introduction of low carbon technologies under the leadership of businesses while the governments of the countries establish and operate systems for supporting the introduction.
 
Based on the discussion results of the forum, METI will continue to collaborate with ASEAN economies to promote efforts for low carbon technologies and green finance toward the next CEFIA forum.

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Links to related information

Division in Charge

Global Environment Partnership Office, Industrial Science and Technology Policy and Environment Bureau, METI