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Alexandra Tracy
Chairman, Association for Sustainable & Responsible Investment in Asia
ASIA’S IMPOSSIBLE ENERGY CHALLENGE
Tokyo, September 2011
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ASrIA – sustainable investment leaders
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Source: World Energy Council
Projected growth in world population and energy consumption
Population Energy consumption
Developing countries
Industrialised countriesDeveloping countries
Industrialised countries
1990 2020 2050 1990 2020 2050
4
Energy policy trade offs
Energy security
• effective management
of primary energy supply from domestic and external sources
• reliability of energy infrastructure
• ability to meet current and future demand
Social equity
• accessibility and
affordability of energy supply across the population
Environmental impact
• achievement of
supply and demand side energy efficiencies
• development of energy supply from renewable and other low carbon sources
5
2010 new investment in renewable energy by region
Source: Bloomberg New Energy Finance, UNEP
US$ bn
6
Source: Bloomberg New Energy Finance
The renewable energy financing continuum
7
Source: Bloomberg New Energy Finance
Sustainable energy funds
US$, Q1 2011(excludes SRI funds)
8
Source: IRRCi/Risk Metrics, Watson Wyatt
41
47
82
99
105
120
154
190
195
200
1300
0 200 400 600 800 1000 1200 1400
India Employees' Provident Fund
Australia Government Future Fund
Australia National Social Security Fund
Malaysia Employees Provident Fund
Singapore Central Provident Fund
Singapore Temasek Holdings
Taiwan Postal Savings Fund
Korea National Pension Fund
China Investment Corporation
Government of Singapore Investment Corp.
Japan Government Pension Investment
US$ (Billions)
Asian institutional investors
9
Asian emerging market banks
Source: BankersAlmanac, Global Finance
Largest regional banks by asset size (Sep 2010)
1 Industrial & Commercial Bank of China China
2 China Construction Bank China
3 Agricultural Bank of China China
4 Bank of China China
5 Bank of Communications China
6 China Merchants Bank China
7 Shinhan Bank South Korea
8 Shanghai Pudong Development Bank China
9 State Bank of India India
10 Kookmin Bank South Korea
10
Pricing support: solar in India
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Risk sharing: energy efficiency in China
12
Source: World Economic Forum
Policy: appropriate mechanism for technology stage
13
Policy: “Green Growth” in Korea
Source: IEA
Electricity production 2010
Source: Bloomberg New Energy Finance
Global stimulus spending on clean energy US$bn
14
Perceived effectiveness of policymaking
Source: World Energy Council
15
Source: Bloomberg New Energy Finance, UNEP
Global new investment in renewable energy
US$ bn
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