Workshop on Enhancing Energy Efficiency Financing through Energy Savings Insurance Schemes for Financial Institutions in Indonesia

• Ms Geraldine Ang, Team Lead, Clean Energy Finance and Investment Mobilisation Programme, OECD
• Mr Djonieri, Department Head, Department Head of the Insurance, Guarantee Institutions, and Pension Fund Regulatory and Development, Indonesia Financial Services Authority (OJK)
• Dr Ir. Hendra Iswahyudi, Director, Directorate of Energy Conservation, Ministry of Energy and Mineral Resources (MEMR)
• Mr Kevin Tokar, Head of Development Cooperation, Embassy of Canada to Indonesia

• Ms Yulita Riani Putri, Policy Analyst, OJK and former staff on loan for OECD

• Mr Hakimul Batih, Indonesia Program Local Representative, OECD Panel discussion followed by a Q&A session:
• Mr Andi Luxbinatur, Sub-coordinator of Energy Conservation Incentives and Disincentives, MEMR "Unlocking Financing for Energy Efficiency to Achieve Indonesia’s Climate Ambitions"
• Climate AmbitionsMs Elrika Hamdi, Deputy Head of Secretariat, Just Energy Transition Partnership (JETP) of Indonesia "JETP Indonesia"

Discussion questions

What specific challenges do financial institutions face in financing energy efficiency projects in Indonesia? How can ESI address these?

How can collaborative efforts among public and private stakeholders accelerate the adoption of energy efficiency financing mechanisms, including ESI, in Indonesia?

Moderator

• Ms Evi Wahyuningsih, Indonesia Country Consultant, International Energy Agency (IEA)

Panel discussion followed by a Q&A session

• Mr Unggung Widhiantoro, Development Director, Institute for Natural Resources, Energy, and Environmental Management (IREEM) " Measurement and Verification of Energy Saving Training Module"
• Mr Mohammad Effendy, Energy Auditor Team Leader, PT Langgeng Ciptalindo "Integrated Measurement & Verification Framework and Key Financial Figure to Unlock More Financing for Energy Efficiency Project in Indonesia"
• Mr Steven Piro, CEO, Synergy Efficiency Solutions "EE Project Case Presentation"
• Mr Christian Soeryoatmodjo, Sustainability Business Consultant, Schneider Electric Indonesia "Power Digitalisation"

Discussion questions

What measurement and verification (M&V) standards are needed to boost confidence in energy efficiency investments? What is their current status in Indonesia?

How can validated M&V data reduce the perceived risks for insurers and financial institutions in energy efficiency projects?

Moderator

• Ms Geraldine Ang, Team Lead, Clean Energy Finance and Investment Mobilisation Programme, OECD

Virtual recording

• Mr David Ochoa Lotero, Seguros SURA Colombia (virtual recording) "Energy savings insurance"

Panel discussions followed by a Q&A session

• Mr Pablo Oses, Sustainable Finance Senior Specialist, Basel Agency for Sustainable Energy (BASE) "Enhancing Energy Efficiency Financing through Energy Savings Insurance in Indonesia"
• Ms Preksha Tripathi, Energy Efficiency Insurance, Relationship Manager - Government Business, Munich Re India (virtual participation) "Energy Efficiency Insurance: India Market"
• Mr Sanjay Dube, CEO, International Institute for Energy Conservation (IIEC) "Workshop on Enhancing Energy Efficiency Financing through Energy Savings Insurance Schemes for Financial Institutions in Indonesia"
• Ms Haein Cho, Senior Officer, Global Business Department, Korean Development Bank (virtual participation) "Supporting Innovative Mechanisms for Industrial Energy Efficiency Financing in Indonesia with Lessons for Replication in other ASEAN Member States"

Discussion questions

What lessons from international experiences can guide Indonesia in improving risk assessment, M&V practices, and financing mechanisms to support ESI implementation?

How can collaboration among key stakeholders, including insurers, financial institutions, and technical validators, enhance the adoption and scalability of ESI in Indonesia?

Moderator

• Ms Verena Streitferdt, President Director, Tri Hita Consulting

Presentation

• Mr Pablo Oses, Sustainable Finance Senior Specialist, Basel Agency for Sustainable Energy (BASE) - Step-by-Step Implementation of Energy Savings Insurance "Energy Savings Insurance: Step by step implementation"

Panel Discussion followed by an interactive discussion with all panelists

• Mr Fakhrul Aufa, Head of Strategic Partnerships, Public Financing, PT SMI (Sarana Multi Infrastruktur)
• Mr Asep Suwondo, Director, Directorate of the Insurance, Guarantee Institutions, and Pension Fund Development, Indonesia Financial Services Authority (OJK)
• Mr Wayan Pariama, Vice Chairman for Technical Affairs, General Insurance Association of Indonesia (AAUI)
• Mr Erwin Noekman, Executive Director, Indonesia Sharia Insurance Association (AASI)
• Ms Trinita Situmeang, Director, PT Maskapai Reasuransi Indonesia
• Mr Suwandi Wiratno, Chairman, Indonesian Non-Bank Financing Services Association (APPI)

Further questions for discussions

What would be the next steps needed to adapt the ESI framework to Indonesia’s regulatory, financial, and energy market context?

What partnerships and collaborations are essential for scaling ESI schemes across sectors in Indonesia?

• Ms Geraldine Ang, Team Lead, Clean Energy Finance and Investment Mobilisation Programme, OECD