‘Southeast Asia has experienced unprecedented growth in recent years, making it critical to ensure sustainable development in the region.’
The Asian Development Bank (ADB) and Japan’s Ministry of Economy, Trade and Industry (METI) have signed a memorandum of cooperation enhancing their joint efforts to promote clean energy in Southeast Asia.
The partners are already working together under the Cleaner Energy Future Initiative for ASEAN (CEFIA), which was established during 2019. CEFIA facilitates the collaboration of the public and private sectors in accelerating the deployment of sustainable energy and low carbon technology in the region.
The memorandum of cooperation was signed at the second CEFIA Forum which was held online and hosted by the Ministry of Energy of the Government of Thailand in cooperation with METI and supported by the ASEAN Centre for Energy. Under this latest agreement, the ADB and METI will conduct consultations and advise on the development and implementation of CEFIA’s flagship projects. The two organisations will also develop policy research and capacity building activities, as well as sharing data analysis, knowledge and experiences in the energy sector.
‘Southeast Asia has experienced unprecedented growth in recent years, making it critical to ensure sustainable development in the region,’ said Bambang Susantono, ADB Vice President for Knowledge Management and Sustainable Development. He added that Japan was a ‘very important partner,’ and that the agreement would strengthen the commitment to drive climate action in the ASEAN region.