The United States and ASEAN at the 6th U.S.-ASEAN SOME stated their intention to implement this five-year U.S.-ASEAN Energy Cooperation Work Plan, which is intended to align with program objectives of the APAEC 2016-2020, particularly in priority areas related to Energy Efficiency and Conservation, Renewable Energy, Power Sector, and Natural Gas and Petroleum.
The Four Areas of ASEAN-USA Energy Cooperation
The United States recognizes that the ASEAN Plan of Action on Energy Cooperation (APAEC) 2016-2025 Phase I (2016-2020) will maintain continuity with the previous APAEC, detailing seven Program Areas of Cooperation among ASEAN member states to achieve their common energy goals. This United States-ASEAN Energy Cooperation Work Plan 2016-2020 focuses on four of these seven to accelerate the deployment of clean energy technologies: 1) Energy Efficiency & Conservation, 2) Renewable Energy, 3) Power Sector, and 4) Natural Gas and Petroleum.
Download ASEAN-USA Energy Cooperation Work Plan 2016-2020 here
ACE-USAID Clean Power Asia
The primary objective of USAID Clean Power Asia is to work with Lower Mekong Countries and other Association of Southeast Asian Nations (ASEAN) developing member states to encourage power sector investments in environmentally friendly, clean energy sources. It specifically focuses on scaling up investment in grid-connected renewable power.
A major challenge for implementing renewable energy at scale is to integrate climate targets and renewable energy planning into power sector planning. This initiative will support the establishment and updating of national renewable energy targets and the integration of these targets into power development plans and integrated resource plans for the power sector. USAID Clean Power Asia will also work to rationalize the planning and development of renewable energy by linking it to the transmission planning process. Supporting development and implementation of policies and technical frameworks to promote investment in renewable energy is also a focus of the program. Policies include but are not limited to feed-in-tariffs, financial incentives, competitive procurement, RE technology standards and grid codes.
USAID supports financial institutions, developers and other relevant stakeholders to secure and reduce the cost of finance for renewable energy projects by helping to develop innovative business models; promoting standardized documentation and evaluation practices and approval processes for financing renewable energy projects; and providing other advisory services.
USAID expects the program to mobilize at least $750 million in clean energy investments over the next five years. It will also support installing at least 500 megawatts of grid-tied renewable energy generation and assist in implementing laws, policies, strategies, plans or regulations that contribute to reductions of greenhouse gas emissions.
|USAID Clean Power Asia||RE||Abt Associates, Inc.||Ongoing|