Energy Efficiency: An ASEAN Perspective
Written By
Partner
Singapore
I am a corporate lawyer with extensive experience in local and cross-border mergers and acquisitions, joint ventures and collaborations, and other general corporate matters.
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Energy efficiency has been said to be the fifth fuel after coal, hydrocarbons, nuclear and renewable energy. In truth, it is the best fuel, which enables adopters to conserve resources, protect the climate and save cost without sacrificing on timely access to the energy they need.
At its most primary level, energy efficiency refers to the process of understanding energy use, in order to implement effective solutions to lower energy consumption and to minimise energy cost.
Given the escalating energy crisis and the rising energy price, the best fuel is the one that is not used. Energy efficiency should take precedence as the foremost fuel in the path to net zero and decarbonisation.
In our experience, countries can only sustain their net zero goals and decarbonisation objectives if there is political will, legislative changes and economic structures in place to reduce the carbon footprint of their energy supply, enhance their energy efficiency framework, and encourage reductions in energy demand.
In our second joint energy paper co-authored by Sandra Seah of Bird & Bird ATMD, together with carefully selected local legal counsel in various jurisdictions across South East Asia & connected via our Bird & Bird Plus programme, this paper summarises national strategies, applicable laws or policies, common contracting mechanisms, national funding sources, and hallmarks of bankable energy efficiency projects in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Read our previous onsite PPA paper here
