Written by: George KIONGSON
Verified by: Albert SUTANTO
The Southeast Asia Corporate Decarbonization Exchange (CDx), hosted by Asia Clean Energy Partners, took place on October 1-2 in Bangkok, Thailand. This two-day event brought together over 300 industry leaders, policymakers, and sustainability experts from across the region. The CDx aimed to drive transformative action by providing a platform for companies and stakeholders to share knowledge, strategize, and collaborate on the journey toward a net-zero economy in Southeast Asia.
Mt. Stonegate is proud to be a sponsor of the event, supporting the shared goal of raising awareness about corporate decarbonization in the region and promoting the inclusion of small and medium-sized enterprises (SMEs). Our Manager of SE Asia Markets and Global EACs Sourcing, Albert Sutanto, and Assistant Project Manager George Krizza Kiongson, shared their expertise during the event.
Key Takeaways from Mt. Stonegate's Discussion Sessions:
1. The Great Offset Debate
Panelists explored the challenges companies face when using Renewable Energy Certificates (RECs) and Carbon Credits, comparing their purposes and mechanisms. They highlighted the complexities within the carbon market, emphasizing the need for clearer regulations, robust verification, and improved corporate understanding. While RECs drive renewable energy adoption, Carbon Credits address broader emissions, both requiring strategic alignment with sustainability goals to be effective.
2. Purchasing Offsite Renewable Energy
In Southeast Asia, access to offsite renewable energy remains limited, especially for SMEs. The session emphasized the need for collaboration among policymakers, corporations, financial institutions, and SMEs to overcome these challenges. Policymakers must create supportive frameworks, while corporations and financial institutions can drive investment and innovation. Together, these groups can build a more inclusive and sustainable energy future.
3. Negotiating Power Purchase Agreements (PPAs) and Renewable Procurement
This session focused on PPAs, covering their types (physical and virtual), legal, regulatory, and operational factors, as well as their financial implications. It highlighted how to select the right PPA based on energy needs, sustainability goals, and risk mitigation. The discussion also emphasized the growing trend of PPAs as a strategic tool for reducing carbon footprints and optimizing long-term cost stability. Additionally, it stressed the importance of integrating other market tools, such as RECs and exploring different types of PPAs, including aggregated agreements that enable smaller companies to participate.
Mt. Stonegate is grateful for the opportunity to engage with industry leaders at the event and enjoy a productive discussion. Feel free to connect with us for further conversations. Let’s collaborate on our journey toward a greener, more sustainable future as we push toward a net-zero world.
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