Sustainable Energy in Emerging Markets: Opportunities for private sector engagement

How SE4ALL, development finance and other initiatives address the growing energy demand in emerging markets

On March 20, 2014, the Global Forum on Sustainable Energy (GFSE), in cooperation with the Federal Ministry of Agriculture, Forestry, Environment and Water Management and the Austrian Economic Chamber, organized a forum on “Sustainable Energy in Emerging Markets: Opportunities for private sector engagement: How SE4ALL, development finance and other initiatives address the growing energy demand in emerging markets”.

The event brought together stakeholders from international institutions, national public institutions, academia and the private sector in order to discuss latest developments within the global Sustainable Energy for All initiative, potentials for private sector engagement, available support instruments and successful project examples.

Susan McDade, Country Action Team Leader of the Global Facilitation Team, held an inspiring presentation on the SE4ALL initiative, country level actions and focus countries in 2014, as well as on the Investment Prospectuses under development, which might serve as an important means of information for the private sector. The broad range of potential stakeholder engagement in emerging economies and developing countries was highlighted, showing the need for both top-down and bottom-up solutions for achieving the SE4ALL targets.

Stephan Sharma, representative of the World Energy Council Austria, presented the outcomes of the World Energy Congress 2013 in Daegu and some results from the Trilemma Report, revealing some caveats and issues to address if the world is to embark on a more sustainable, renewable development path. Gottfried Traxler and Alexander Karner presented the Energy Programme and the Business Partnership Programme of the Austrian Development Agency, which promotes projects carried out by private Austrian/EU companies and their local partners. The financial mechanisms and cooperation instruments of the Development Bank of Austria (OeEB) were introduced by Andrea Hagmann, who gave a precise overview of project requirements, available OeEB-instruments and selected project references.

Success stories of Austrian private sector engagement were presented by

  • Christian Holter of S.O.L.I.D., explaining experiences, chances and barriers in implementing solar heating and cooling projects in several emerging countries.
  • Dean Marcelja of PV Styria, showing business opportunities and key elements of successful approaches to go international by means of reference projects in Europe, the MENA region and the Middle East. 
  • Florian Mayer of Windkraft Simonsfeld AG, portraying the company’s successful CSR-project “Dynamizing the Development of Solar Thermal Energy in Bolivia”.

Agenda

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Presentations

Sustainable Energy for All
Ms. Susan McDade

Outcome of the World Energy Congress 2013 in Daegu, Global trends and insights for Europe
Mr. Stephan Sharma

Renewable Energy for Development and for the Poor
Mr. Alexander Karner

The Business Partnership Programme of the Austrian Development Agency
Mr. Gottfried Traxler

Financial mechanisms & cooperation instruments of the Development Bank of Austria (OeEB)
Ms. Andrea Hagmann

Solar heating & cooling for emerging countries
Mr. Christian Holter

PV Styria: Company profile and business going international
Mr. Dean Marcelja

Dynamizing the Development of Solar Thermal Energy in Bolivia
Mr. Florian Mayer

 

 

The importance of involving enterprises in achieving the transition towards a more sustainable global energy system and universal access was as well highlighted at the Bloomberg New Energy Finance Summit on 9th April 2014, where the UN Decade of Sustainable Energy for All (2014-2024) was launched to the private sector. The Secretary General’s Special Representative for SE4ALL and Chief Executive of the SE4ALL Initiative, Kandeh Yumkella called on the private sector to take the opportunity to innovate and invest in order to help achieve the three objectives of the SE4ALL Initiative. In his words, “the speed and scale of interventions we need to transform our current energy system and ensure shared prosperity lie in the private sector.”

Simultaneously, the first annual SE4ALL Forum was announced to be held on 4-6 June 2014 at the UN Headquarters in New York. The forum shall convene a broad range of stakeholders to assess the progress on sustainable energy, to present innovation and new commitments, and to boost further action. This shall also advance dialogue on the inclusion of energy issues into the post-2015 development agenda, and provide an impetus for the UN Climate Change Summit in September (source: SE4ALL website). 

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