Regional Energy Management Initiative

Programme Partner: Clime Capital Management

Region: Indonesia, the Philippines & Vietnam

Southeast Asian economies confront a pivotal challenge as they seek to balance economic growth with meeting critical emission targets. Energy efficiency (EE) and demand-side management (DSM) represent significant near-term opportunities that remain underutilised despite their impact on emissions reductions and potential to reduce 'carbon lock-in'.

Clime Capital Management and Village Energy are developing REMI, which will support the deployment of EE and DSM technologies in Indonesia, the Philippines and Vietnam.

REMI will empower the commercial and industrial sectors to operate more efficiently through retrofitting existing equipment and energy use optimisation using proven, scalable technologies. REMI will also facilitate new ways for grids and consumers to shift energy consumption throughout the day to optimise for cost and emissions reductions, reduce overall peak demand, optimise energy use, and facilitate greater penetration of renewable sources of power into electrical grids.

Overall, REMI will:

• Reduce ‘carbon lock-in’ from regional grid systems that face growing peak load.
• Reduce carbon emissions by at least 10 million tonnes of CO2 equivalent.
• Create savings for commercial and industrial customers, utilities, and residential power consumers.
• Drive more investments in EE and DSM sectors.

Taken as a whole, REMI will promote more resilient and energy-efficient economic growth and crowd-in more investment into the low-carbon transition, while creating new jobs in the clean technology sector and helping countries achieve their own emissions reductions targets.