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The session emphasized energy efficiency (EE) as a critical, cost-effective first step toward corporate decarbonization. Dr Abdul Salam from the Asian Institute of Technology (AIT) highlighted the availability of technologies to make EE an immediate solution and Thien Juengwirunchodinan of Coral Life described EE as the “cheapest way” to achieve net zero, reducing energy demand and reliance on renewables. Case studies, such as a Thai office building achieving an 80% energy reduction, demonstrated substantial cost savings, improved ESG outcomes, and emissions reductions.
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Key strategies included establishing baselines, adopting measurement and verification (M&V) protocols like IPMVP, and using digital tools such as digital twins for energy optimization. Fritzie Vergel of ETP highlighted EE’s role in grid balancing, while Chris Seeley of Climate Change Solutions pointed out barriers like limited engineering budgets and a lack of one-stop solutions for SMEs.
The ESCO (Energy Service Company) model emerged as a promising approach to finance EE initiatives, overcoming upfront cost barriers. Panelists also stressed the importance of carbon credits, government incentives, and effective communication strategies to build organizational support for EE projects.
Key Takeaways
