The document discusses cooling efficiency and energy efficiency projects in the Indonesian hospitality sector. It notes that global temperatures are rising and Indonesia is expected to experience more hot days, increasing demand for cooling. This will require increased investment and energy consumption. It then discusses how the Kigali Amendment aims to phase down hydrofluorocarbons and how SDCL is working on projects to improve cooling and energy efficiency in hotels through an innovative financing model called "Cooling as a Service". Preliminary findings from SDCL projects in Indonesian hotels show projected annual savings of US$285,000 and 3,301,000 kWh from efficiency upgrades.
PPT Herlin Herlianika - OECD Focus Group Discussion: Financing Models for Eff...OECD Environment
Presentation by Herlin Herlianika, ASHRAE Indonesia, Focus Group Discussion: Financing Models for Efficient and Low Carbon Cooling Systems, 22 July 2020
On April 30, WRI hosted a dynamic town hall discussion about key issues related to pricing carbon in the United States. Putting a price on carbon can provide a clear and consistent economic signal that can help shift market growth in the coming decades toward a climate-smart, low-carbon economy.
The new resource "Putting a Price on Carbon: A Handbook for U.S. Policymakers" was released. Find out more at www.wri.org/carbonpricing
PPT Herlin Herlianika - OECD Focus Group Discussion: Financing Models for Eff...OECD Environment
Presentation by Herlin Herlianika, ASHRAE Indonesia, Focus Group Discussion: Financing Models for Efficient and Low Carbon Cooling Systems, 22 July 2020
On April 30, WRI hosted a dynamic town hall discussion about key issues related to pricing carbon in the United States. Putting a price on carbon can provide a clear and consistent economic signal that can help shift market growth in the coming decades toward a climate-smart, low-carbon economy.
The new resource "Putting a Price on Carbon: A Handbook for U.S. Policymakers" was released. Find out more at www.wri.org/carbonpricing
Presentation by Dr. Spencer Thomas, Grenadian climate change ambassador, at the workshop on " Scaling Up Adaptation: Strengthening alignment of the National Adaptation Plan (NAP) process and the Nationally Determined Contribution (NDC) in Grenada" held in St. George’s, Grenada, on January 31 and February 1, 2019. This workshop was co-hosted by the NAP Global Network and the Grenadian Ministry of Climate Resilience, the Environment, Forestry, Disaster Management and Information, in collaboration with the Integrated Climate Change Adaptation Strategies (ICCAS) program.
World Resources Institute hosted a launch event on 21 November 2014 for two new Greenhouse Gas Protocol Standards to inform government climate change strategies.
Building on previous GHG Protocol standards, the Policy and Action Standard helps evaluate the effectiveness of specific policies or measures in achieving greenhouse gas emissions reductions, empowering policymakers and analysts to better assess and communicate their progress. The Mitigation Goal Standard takes a bigger picture view, enabling governments to determine their emissions trajectory and whether their policy portfolio aligns with reaching their climate goals. Both standards are applicable for all levels of government.
Find out more at http://www.wri.org/events/2014/11/launch-and-training-workshop-greenhouse-gas-protocol
Presentation by Dr. Spencer Thomas, Grenadian climate change ambassador, at the workshop on " Scaling Up Adaptation: Strengthening alignment of the National Adaptation Plan (NAP) process and the Nationally Determined Contribution (NDC) in Grenada" held in St. George’s, Grenada, on January 31 and February 1, 2019. This workshop was co-hosted by the NAP Global Network and the Grenadian Ministry of Climate Resilience, the Environment, Forestry, Disaster Management and Information, in collaboration with the Integrated Climate Change Adaptation Strategies (ICCAS) program.
World Resources Institute hosted a launch event on 21 November 2014 for two new Greenhouse Gas Protocol Standards to inform government climate change strategies.
Building on previous GHG Protocol standards, the Policy and Action Standard helps evaluate the effectiveness of specific policies or measures in achieving greenhouse gas emissions reductions, empowering policymakers and analysts to better assess and communicate their progress. The Mitigation Goal Standard takes a bigger picture view, enabling governments to determine their emissions trajectory and whether their policy portfolio aligns with reaching their climate goals. Both standards are applicable for all levels of government.
Find out more at http://www.wri.org/events/2014/11/launch-and-training-workshop-greenhouse-gas-protocol
Mr. Pablo Benitez, Ph.D. Senior Economist and Team Lead Low Emissions Development. Climate Change Practice, World Bank Institute, World Bank. Side Event #CARBONEXPO "Climate Change as a driver for sustainable growth of Catalan environmental services
and business"
Green Industry Policy in support of Net-Zero Emission achievements: Astika An...OECD Environment
"Challenges and best practices in financing to accelerate industry decarbonisation", OECD Series of Webinars on low carbon hydrogen and industry decarbonisation, 14 June 2023
This third webinar in the series 'CCS in Developing Countries' was presented by the World Bank.
Deploying CCS in developing countries is critically important. The International Energy Agency estimates that to achieve global emissions reduction targets 70% of CCS projects will be in non-OECD countries by 2050.
CCS faces a number of challenges, in all countries, but particularly in developing countries. This webinar discussed some of these challenges and barriers using South Africa as a case study. South Africa is working towards a Test Injection Project and subsequently a Carbon Capture and Sequestration Project. The World Bank considered it important to understand a set of constraints, including regulatory, technical, economic, human capacity, etc. to realization of CCS demonstration and commercialization, and how the CCS development will look like in the South African context, out to 2050. A techno-economic assessment has been undertaken to gain this understanding.
The techno-economic assessment explored CCS deployment in six relevant industries in South Africa, and assessed projected scenarios associated with key issues of interest (such as cost, impact on electricity prices, timeframes etc). The key output from the techno-economic study was a techno-economic model, supported by the data sets, specifically for South Africa. The potential storage site capacity has been analysed to provide a strong indication of the likely storage capacity available within physical and economic constraints.
Presentation by Bikash Pandey, Deputy Chief of Party – USAID and the Director Clean Energy and Environment, Winrock International providing consultancy to Worldbank at a forum organized by Avanceon titled Financing Energy Optimization Projects with guaranteed IRR
Carlo carraro - Cities and the 1.5° Mitigation ChallengeEIT Climate-KIC
Carlo Carraro, President Emeritus of Universita' Ca' Foscari Venezia and Vice Chair, IPCC, presentation for the closing plenary at the Climate Innovation Summit, Milan, 2017.
This brochure showcases the OECD's work to help governments mobilise private investment in clean energy infrastructure.
To find out more visit: http://www.oecd.org/daf/inv/investment-policy/clean-energy-infrastructure.htm
OECD Green Talks LIVE | Diving deeper: the evolving landscape for assessing w...OECD Environment
Water is critical for meeting commitments of the Paris Agreement and achieving the Sustainable Development Goals. Our economies rely on water, with recent estimates putting the economic value of water and freshwater ecosystems at USD 58 trillion - equivalent to 60% of global GDP. At the same time, water related risks are increasing in frequency and scale in the context of climate change.
How are investments shaping our economies and societies exposure to water risk? What role can the financial system play in supporting water security? And how can increased understanding of how finance both impacts and depends on water resources spur action towards greater water security?
This OECD Green Talks LIVE on Tuesday 14 May 2024 from 15:00 to 16:00 CEST discussed the evolving landscape for assessing water risks to the financial system.
OECD Policy Analyst Lylah Davies presented key findings and recommendations from recent OECD work on assessing the financial materiality of water-related risks, including the recently published paper “Watered down? Investigating the financial materiality of water-related risks” and was joined by experts to discuss relevant initiatives underway.
Detlef Van Vuuren- Integrated modelling for interrelated crises.pdfOECD Environment
This OECD technical workshop will bring together leading experts on economic, biophysical, and integrated assessment modelling of the interactions between climate change, biodiversity loss, and pollution. The workshop will take stock of ongoing modelling efforts to develop quantitative pathways to study the drivers and impacts of the triple planetary crisis, and the policies to address it. The aim is to identify robust modelling approaches to inform the work for the upcoming OECD Environmental Outlook.
Thomas Hertel- Integrated Policies for the Triple Planetary Crisis.pdfOECD Environment
This OECD technical workshop will bring together leading experts on economic, biophysical, and integrated assessment modelling of the interactions between climate change, biodiversity loss, and pollution. The workshop will take stock of ongoing modelling efforts to develop quantitative pathways to study the drivers and impacts of the triple planetary crisis, and the policies to address it. The aim is to identify robust modelling approaches to inform the work for the upcoming OECD Environmental Outlook.
Jon Sampedro - Assessing synergies and trade offs for health and sustainable ...OECD Environment
This OECD technical workshop will bring together leading experts on economic, biophysical, and integrated assessment modelling of the interactions between climate change, biodiversity loss, and pollution. The workshop will take stock of ongoing modelling efforts to develop quantitative pathways to study the drivers and impacts of the triple planetary crisis, and the policies to address it. The aim is to identify robust modelling approaches to inform the work for the upcoming OECD Environmental Outlook.
Astrid Bos - Identifying trade offs & searching for synergies.pdfOECD Environment
This OECD technical workshop will bring together leading experts on economic, biophysical, and integrated assessment modelling of the interactions between climate change, biodiversity loss, and pollution. The workshop will take stock of ongoing modelling efforts to develop quantitative pathways to study the drivers and impacts of the triple planetary crisis, and the policies to address it. The aim is to identify robust modelling approaches to inform the work for the upcoming OECD Environmental Outlook.
Ruth Delzeit - Modelling environmental and socio-economic impacts of cropland...OECD Environment
This OECD technical workshop will bring together leading experts on economic, biophysical, and integrated assessment modelling of the interactions between climate change, biodiversity loss, and pollution. The workshop will take stock of ongoing modelling efforts to develop quantitative pathways to study the drivers and impacts of the triple planetary crisis, and the policies to address it. The aim is to identify robust modelling approaches to inform the work for the upcoming OECD Environmental Outlook.
Wilfried Winiwarter - Implementing nitrogen pollution control pathways in the...OECD Environment
This OECD technical workshop will bring together leading experts on economic, biophysical, and integrated assessment modelling of the interactions between climate change, biodiversity loss, and pollution. The workshop will take stock of ongoing modelling efforts to develop quantitative pathways to study the drivers and impacts of the triple planetary crisis, and the policies to address it. The aim is to identify robust modelling approaches to inform the work for the upcoming OECD Environmental Outlook.
Laurent Drouet - Physical and Economic Risks of Climate Change.pdfOECD Environment
This OECD technical workshop will bring together leading experts on economic, biophysical, and integrated assessment modelling of the interactions between climate change, biodiversity loss, and pollution. The workshop will take stock of ongoing modelling efforts to develop quantitative pathways to study the drivers and impacts of the triple planetary crisis, and the policies to address it. The aim is to identify robust modelling approaches to inform the work for the upcoming OECD Environmental Outlook.
This OECD technical workshop will bring together leading experts on economic, biophysical, and integrated assessment modelling of the interactions between climate change, biodiversity loss, and pollution. The workshop will take stock of ongoing modelling efforts to develop quantitative pathways to study the drivers and impacts of the triple planetary crisis, and the policies to address it. The aim is to identify robust modelling approaches to inform the work for the upcoming OECD Environmental Outlook.
HyeJin Kim and Simon Smart - The biodiversity nexus across multiple drivers: ...OECD Environment
This OECD technical workshop will bring together leading experts on economic, biophysical, and integrated assessment modelling of the interactions between climate change, biodiversity loss, and pollution. The workshop will take stock of ongoing modelling efforts to develop quantitative pathways to study the drivers and impacts of the triple planetary crisis, and the policies to address it. The aim is to identify robust modelling approaches to inform the work for the upcoming OECD Environmental Outlook.
Case Study: Peptides-based Plant Protection Product (harpin proteins*) by Ros...OECD Environment
The seminar on Problem Formulation for the Risk Assessment of Biopesticides stemmed from a previous CRP-sponsored event on Innovating Microbial Pesticide Testing that identified the need for an overarching guidance document to determine when in vivo tests are necessary. Problem Formulation, a common practice in pesticide risk assessment, was highlighted as a useful approach for addressing uncertainties in data requirements for biopesticides.
The seminar featured presentations from various perspectives, including industry, regulatory bodies, and academia. Topics included the history and principles of Problem Formulation, industry perspectives on Problem Formulation and how it is applied internally for microbial pesticides, regulatory approaches, and specific case studies. The seminar provided an overview of the challenges, considerations, and potential solutions in harmonising Problem Formulation for biopesticide risk assessment. It emphasised the need for collaboration and discussion to develop Problem Formulation guidance for biopesticides.
CLE Contribution on the Assessment of Innovative Biochemicals in the EU Statu...OECD Environment
The seminar on Problem Formulation for the Risk Assessment of Biopesticides stemmed from a previous CRP-sponsored event on Innovating Microbial Pesticide Testing that identified the need for an overarching guidance document to determine when in vivo tests are necessary. Problem Formulation, a common practice in pesticide risk assessment, was highlighted as a useful approach for addressing uncertainties in data requirements for biopesticides.
The seminar featured presentations from various perspectives, including industry, regulatory bodies, and academia. Topics included the history and principles of Problem Formulation, industry perspectives on Problem Formulation and how it is applied internally for microbial pesticides, regulatory approaches, and specific case studies. The seminar provided an overview of the challenges, considerations, and potential solutions in harmonising Problem Formulation for biopesticide risk assessment. It emphasised the need for collaboration and discussion to develop Problem Formulation guidance for biopesticides.
Additional Considerations for Pesticide Formulations Containing Microbial Pes...OECD Environment
The seminar on Problem Formulation for the Risk Assessment of Biopesticides stemmed from a previous CRP-sponsored event on Innovating Microbial Pesticide Testing that identified the need for an overarching guidance document to determine when in vivo tests are necessary. Problem Formulation, a common practice in pesticide risk assessment, was highlighted as a useful approach for addressing uncertainties in data requirements for biopesticides.
The seminar featured presentations from various perspectives, including industry, regulatory bodies, and academia. Topics included the history and principles of Problem Formulation, industry perspectives on Problem Formulation and how it is applied internally for microbial pesticides, regulatory approaches, and specific case studies. The seminar provided an overview of the challenges, considerations, and potential solutions in harmonising Problem Formulation for biopesticide risk assessment. It emphasised the need for collaboration and discussion to develop Problem Formulation guidance for biopesticides.
Role of genome sequencing (WGS) in microbial biopesticides safety assessment ...OECD Environment
The seminar on Problem Formulation for the Risk Assessment of Biopesticides stemmed from a previous CRP-sponsored event on Innovating Microbial Pesticide Testing that identified the need for an overarching guidance document to determine when in vivo tests are necessary. Problem Formulation, a common practice in pesticide risk assessment, was highlighted as a useful approach for addressing uncertainties in data requirements for biopesticides.
The seminar featured presentations from various perspectives, including industry, regulatory bodies, and academia. Topics included the history and principles of Problem Formulation, industry perspectives on Problem Formulation and how it is applied internally for microbial pesticides, regulatory approaches, and specific case studies. The seminar provided an overview of the challenges, considerations, and potential solutions in harmonising Problem Formulation for biopesticide risk assessment. It emphasised the need for collaboration and discussion to develop Problem Formulation guidance for biopesticides.
Considerations for Problem Formulation for Human Health Safety Assessments of...OECD Environment
The seminar on Problem Formulation for the Risk Assessment of Biopesticides stemmed from a previous CRP-sponsored event on Innovating Microbial Pesticide Testing that identified the need for an overarching guidance document to determine when in vivo tests are necessary. Problem Formulation, a common practice in pesticide risk assessment, was highlighted as a useful approach for addressing uncertainties in data requirements for biopesticides.
The seminar featured presentations from various perspectives, including industry, regulatory bodies, and academia. Topics included the history and principles of Problem Formulation, industry perspectives on Problem Formulation and how it is applied internally for microbial pesticides, regulatory approaches, and specific case studies. The seminar provided an overview of the challenges, considerations, and potential solutions in harmonising Problem Formulation for biopesticide risk assessment. It emphasised the need for collaboration and discussion to develop Problem Formulation guidance for biopesticides.
How to Identify and Quantify Mixtures What is Essential to Know for Risk Asse...OECD Environment
The seminar on Problem Formulation for the Risk Assessment of Biopesticides stemmed from a previous CRP-sponsored event on Innovating Microbial Pesticide Testing that identified the need for an overarching guidance document to determine when in vivo tests are necessary. Problem Formulation, a common practice in pesticide risk assessment, was highlighted as a useful approach for addressing uncertainties in data requirements for biopesticides.
The seminar featured presentations from various perspectives, including industry, regulatory bodies, and academia. Topics included the history and principles of Problem Formulation, industry perspectives on Problem Formulation and how it is applied internally for microbial pesticides, regulatory approaches, and specific case studies. The seminar provided an overview of the challenges, considerations, and potential solutions in harmonising Problem Formulation for biopesticide risk assessment. It emphasised the need for collaboration and discussion to develop Problem Formulation guidance for biopesticides.
APVMA outcome-focussed approach to data requirements to support registration ...OECD Environment
The seminar on Problem Formulation for the Risk Assessment of Biopesticides stemmed from a previous CRP-sponsored event on Innovating Microbial Pesticide Testing that identified the need for an overarching guidance document to determine when in vivo tests are necessary. Problem Formulation, a common practice in pesticide risk assessment, was highlighted as a useful approach for addressing uncertainties in data requirements for biopesticides.
The seminar featured presentations from various perspectives, including industry, regulatory bodies, and academia. Topics included the history and principles of Problem Formulation, industry perspectives on Problem Formulation and how it is applied internally for microbial pesticides, regulatory approaches, and specific case studies. The seminar provided an overview of the challenges, considerations, and potential solutions in harmonising Problem Formulation for biopesticide risk assessment. It emphasised the need for collaboration and discussion to develop Problem Formulation guidance for biopesticides.
The U.S. Perspective on Problem Formulation for Biopesticides: Shannon BORGESOECD Environment
The seminar on Problem Formulation for the Risk Assessment of Biopesticides stemmed from a previous CRP-sponsored event on Innovating Microbial Pesticide Testing that identified the need for an overarching guidance document to determine when in vivo tests are necessary. Problem Formulation, a common practice in pesticide risk assessment, was highlighted as a useful approach for addressing uncertainties in data requirements for biopesticides.
The seminar featured presentations from various perspectives, including industry, regulatory bodies, and academia. Topics included the history and principles of Problem Formulation, industry perspectives on Problem Formulation and how it is applied internally for microbial pesticides, regulatory approaches, and specific case studies. The seminar provided an overview of the challenges, considerations, and potential solutions in harmonising Problem Formulation for biopesticide risk assessment. It emphasised the need for collaboration and discussion to develop Problem Formulation guidance for biopesticides.
Problem formulation for environmental risk assessment – Finnish case study: ...OECD Environment
The seminar on Problem Formulation for the Risk Assessment of Biopesticides stemmed from a previous CRP-sponsored event on Innovating Microbial Pesticide Testing that identified the need for an overarching guidance document to determine when in vivo tests are necessary. Problem Formulation, a common practice in pesticide risk assessment, was highlighted as a useful approach for addressing uncertainties in data requirements for biopesticides.
The seminar featured presentations from various perspectives, including industry, regulatory bodies, and academia. Topics included the history and principles of Problem Formulation, industry perspectives on Problem Formulation and how it is applied internally for microbial pesticides, regulatory approaches, and specific case studies. The seminar provided an overview of the challenges, considerations, and potential solutions in harmonising Problem Formulation for biopesticide risk assessment. It emphasised the need for collaboration and discussion to develop Problem Formulation guidance for biopesticides.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
RFP for Reno's Community Assistance CenterThis Is Reno
Property appraisals completed in May for downtown Reno’s Community Assistance and Triage Centers (CAC) reveal that repairing the buildings to bring them back into service would cost an estimated $10.1 million—nearly four times the amount previously reported by city staff.
About Potato, The scientific name of the plant is Solanum tuberosum (L).Christina Parmionova
The potato is a starchy root vegetable native to the Americas that is consumed as a staple food in many parts of the world. Potatoes are tubers of the plant Solanum tuberosum, a perennial in the nightshade family Solanaceae. Wild potato species can be found from the southern United States to southern Chile
Synopsis (short abstract) In December 2023, the UN General Assembly proclaimed 30 May as the International Day of Potato.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
Working with data is a challenge for many organizations. Nonprofits in particular may need to collect and analyze sensitive, incomplete, and/or biased historical data about people. In this talk, Dr. Cori Faklaris of UNC Charlotte provides an overview of current AI capabilities and weaknesses to consider when integrating current AI technologies into the data workflow. The talk is organized around three takeaways: (1) For better or sometimes worse, AI provides you with “infinite interns.” (2) Give people permission & guardrails to learn what works with these “interns” and what doesn’t. (3) Create a roadmap for adding in more AI to assist nonprofit work, along with strategies for bias mitigation.
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...OECDregions
Preliminary findings from OECD field visits for the project: Enhancing EU Mining Regional Ecosystems to Support the Green Transition and Secure Mineral Raw Materials Supply.
2. 2
Global temperatures are rising, possibly by 3oC or more by 2100
Jakarta’s average July temperature may hit 27.5oC or even
30.2oC by 2100, an increase of 1.8oC – 4.5oC from 1900
Increases in hot and record-hot weather are disproportionately
worse in emerging Asia (Indonesia, Singapore, Thailand,
Malaysia), leading to more annual cooling degree days (CDD)
(Source: EIU 2019)
EIU estimates 460 mm new cooling units will be sold annually by
2030, from 260 mm in 2010 and 336 mm in 2018
Total annual market value trending to US$170 bn by 2030
Indonesia and India predicted to be fastest growing markets
The industrial, transport refrigeration and commercial sectors
will grow fastest to 2030 (Source: EIU 2019)
Cooling demand will increase significantly to meet critical health, social and commercial needs
Will require huge increases in investment and lead to increased energy consumption and GHG emissions
Temperature Increases
The World is getting hotter and needs more cooling…Why we’re mobilizing Capital!
Cooling Sales
3. 3
Kigali Amendment
Kigali Cooling Efficiency Program
Montreal Protocol
• The Kigali Cooling Efficiency Program (K-CEP) - a philanthropic initiative that works in tandem
with the Kigali Amendment to the Montreal Protocol
• K-CEP supports developing countries transition to energy-efficient, climate-friendly, and
affordable cooling solutions
• SDCL awarded a K-CEP grant to develop cooling and energy efficiency gains in the industrial and
commercial operations of global companies with operations in developing countries
• Cooling as a Service (“CaaS”) an innovative business model (borrows from project finance) where
cooling equipment is supplied and installed to customers with no upfront payment (pay-per-use)
• The 1987 Montreal Protocol on Substances that Deplete the Ozone Layer successfully reduced
the global production, consumption, and emissions of Ozone Depleting Substances (ODS)
• The Montreal Protocol signed by 196 countries and the European Union hailed as “perhaps the
single most successful international agreement to date” due to widespread adoption
• Kigali Amendment to the Montreal Protocol in force January 1, 2019 - obligates countries party to
the Montreal Protocol to phase down hydrofluorocarbon (HFC) production and consumption
• HFCs – powerful greenhouse gas used mainly in refrigeration, air conditioning and heat pump
equipment – is thousands of times more harmful to the climate than CO2 and could account for
20% of climate pollution by 2050
• Phasing down HFCs though improved efficiency and replacement with low Global Warming
Potential (GWP) refrigerants can avoid up to 0.5C of global warming by the end of the century
• Protect the ozone layer - drive innovation and economic opportunity in AC/refrigeration sectors
SDCL grant targets the mobilisation of US$100 million investment into Cooling Efficiency projects
SDCL and the Kigali Cooling Efficiency Program (K-CEP) – Mobilizing US$100 million in Capital
4. The Indonesian Hospitality Industry: Covid-19 Impact & Path to Recovery
4
• ITP 2019 report (pre-Covid 19): “The hotel industry has grown almost 20% in the last ten years and, with a global
development pipeline of over 2 million new hotel rooms, the industry needs to reduce absolute greenhouse gas emissions
per room by 66% from 2010 levels by 2030, and 90% by 2050 to stay in line with the Paris Agreement.”
• JLL Report: 2019 global transaction volumes reached US$68 billion with “strongest year for APAC region” in terms of
transaction investment (US$13.8 billion/61% YoY growth).
• ADB/Asia Clean Energy Forum: “Energy is the second largest spending category for a hotel, representing 3% to 6% of
operating costs and accounting for c. 60% of its CO2 emissions.
• Covid-19 Impact: Global, significant and end is not clearly seen
• The CaaS model: applied globally across not just Hospitality but other sectors of the economy including but not limited to
Healthcare, Property and Real Estate and Manufacturing. CaaS to provide high quality cooling and energy efficiency
equipment and new/cleaner refrigerants with lower GWP ratings
Global Hospitality
Sector impacted by
Covid 19: however,
the sector is a key
stakeholder in terms
of Cooling Efficiency
and the need to
reduce HFCs and
Green House Gas
Emissions.
• In 2018, the Indonesian hospitality sector, which includes hotels and food and drink establishments, was the second-
highest user of cooling in Indonesia just behind offices and buildings.
• As cooling demand soars, the need to retrofit old plant and equipment and move to lower GWP refrigerant and more
energy efficient technology becomes more important for the Indonesian Hospitality Sector.
• Recent Study by Horwath HTL (March 2020) highlights key points related to the impact of the Covid-19 pandemic to the
Indonesian Hospitality sector:
• Majority of hotels thought that their occupancy performance would be down 25% to 50% in H1 YoY; 25% of
respondents thought the fall would be greater than 50% YoY
• A larger volume of hotels thought that their total revenue would fall between 25% to 50% in H1 YoY
• 38% of hotels consider labour costs as greatest concern; 28% saw utilities cost (electricity, water etc.)
• Hospitality industry to move cooling efficiency to “brand standard” and/or the baseline for the sector as Cooling is now
recognized as one of the largest contributors to Climate Change, accelerating a warming planet.
Indonesian
Hospitality Sector –
Covid-19 Impact also
must be considered
within the context of
the “Cooling
Imperative”
Indonesia may
experience up to 123
Cooling Degree Days
(temperature of 35°
C. or higher) per
annum
5. Cooling Efficiency in the Indonesian Hospitality Industry - Preliminary Conclusions
5
Cooling and energy efficiency is the most cost-effective way of reducing greenhouse gas emissions and improving energy
infrastructure, energy security and asset resilience.
Cooling and energy efficiency drives cost savings, improves profits and infrastructure performance and benefits the
economy via cheaper, cleaner, more reliable energy
Per the Economist Intelligence Unit, the Cooling market is a US$135 billion opportunity – in Indonesia (and elsewhere), can
and should be complimented with distributed solar – though regulatory challenges in some territories.
Cost of capital – mobilizing private capital will require public (national or regional) and IFI support for non-payment risk
Risk assessment on sectoral basis – not per hotel as cooling and energy efficiency investment by asset is too small.
Cooling is now recognized as one of the largest contributors to Climate Change, accelerating a warming planet. The
Kigali amendment to the Montreal Protocol seeks to tackle human-made fluorination gases from air conditioning and
refrigeration that are 10,000 times more potent than CO2 in causing global warming.
SDCL Asia Cooling &
Energy Efficiency In
the Indonesian
Hospitality Sector -
Issues &
Considerations
SDCL has funded four Investment Grade Audits in the Indonesian Hospitality Sector: three audits have completed with
one audit suspended due to Covid-19. Preliminary findings on monetary and kWh energy savings are positive:
Three hotel projects with an aggregate c. US$1.45 million in project contract value
Total projected savings (US$): c. US$285,000 per annum
Total projected savings (kWh): c. 3,301,000
SPB for projects is 4.73, 5.43 and 5.07 years: savings (US$ and kWh) more than justify investment
OEMs need to do better introducing low GWP refrigerants – R134A is an HFC that is being phased out under Kigali
The nexus between Cooling and Energy Efficiency and Indoor Air Quality is particularly important in the Hospitality Sector
– tourists will drive change in the global hospitality sector and asset owners need to rethink what guests value most?
Cooling efficiency to become “Brand Standard” and/or the “new normal” in the Indonesian Hospitality sector: create
competitive advantage out of crisis.
National or regional governments, supported by IFIs to provide risk guarantees as part of project financing process to
attract private capital: De-Risking the Indonesian Hospitality Sector to enable a “Wall of Capital” for deployment to finance
CaaS projects that support economic recovery whilst contributing to national environmental objectives.
SDCL Asia Cooling &
Energy Efficiency in
the Hospitality Sector
– Preliminary
Conclusions
6. 6
Simplified contracting structure
Equity & Debt (if any)
Service Charge
Project Capex
Energy & Cooling Services Agreement (ECSA)
Returns
ESCO
SDCL and/or Investors
• Energy Performance Contract (EPC)
• O&M
• Performance Guarantee
SPV
Host Company
1. The Host enters into an energy/cooling services agreement (ECSA) with the Special Purpose Vehicle (SPV) – which funds and implements the energy
efficiency project – in return for a service charge
2. The SPV sub-contracts implementation to an energy service company (ESCO) through an energy performance contract (EPC), financed by The Fund
3. The EPC typically incorporates a Performance Guarantee and ongoing Operations & Maintenance (O&M) services. Other EPC terms are designed
back-to-back with the ECSA, leaving the SPV with the obligation to fund the project and the ESCO the obligation to deliver the project
4. The Host has the right to terminate the ECSA at any time after implementation for the present value of the future cash flow streams
5. SDCL anticipates that such projects would qualify for off balance sheet treatment (for the Host)
Overview of an energy/cooling services agreement
1
2
3
4
5
Cooling investment set to increase significantly driven by ESG and profit targets - companies seeking funds to meet these needs
Cooling as a Service (CaaS) and Energy Services Agreements (ESA) combined as Energy and Cooling Services Agreements provide a fully
funded solution implemented by an Energy Service Company backstopped by performance guarantees
Delivering energy and cooling efficiency through Service Agreements (aka “CaaS”)
7. Project Development and Investment
7
The Special Purpose Vehicle (“SPV”) as a Single point of responsibility with Risk of Loss, developing and delivering projects
Systematic project development process in partnership with delivery partners
Long term service solution for ongoing O&M, management, control, efficiency and productivity
SDCL investment removes constraints of business-as-usual budgeting or CAPEX debates between asset owners and global brands
Funding up to 100% of capital costs of projects, with returns based on performance achieved
Green energy procurement, e.g. chiller replacement, rooftop or distributed solar, onsite combined heat and power solutions
Procurement based on best available technology and best-in-class delivery partners for EPC and O&M
Feasibility Design Contract Build O&M/Service
Best available technology and best-in-class delivery partners
• Feasibility • Operation (O&M)
• Design and
Engineering
• Project Management
(EPC)
Energy Services
Agreement
Delivery of Service
Project Development and Project Management Process - Concept to Operation Phase
8. 8
SDCL’s experience allows for effective identification and mitigation of potential risks
The Fund to maximize use of financial risk management instruments (insurance, risk sharing, first-loss guarantee)
Energy and cooling efficiency investment: project risks and mitigants
Host Credit Risk
Performance
Risk
Technology Risk
Operating and
Maintenance
Risk
Qualitative/quantitative host credit assessment – target “sponsored” portfolios
Credit enhancement via financial risk management instruments (insurance)
Securing parent company or risk participation guarantees (sovereign/IFIs)
Performance guarantees from energy service companies (ESCOs) and OEMs
For smaller energy service companies, qualitative risk assessment is undertaken
Using commercially proven technologies with strong track record and equipment
warranties backed by insurance
Operations & maintenance (O&M) counterparties with strong track records
O&M contract matching the life of the performance guarantee, with operational
failure covered by the performance guarantee
Inability of the host to meet the terms of the O&M contract is covered under the
terms of the energy service agreement (ESA) and may result in termination
The host’s ability (or
willingness) to make the
contracted payments
The energy efficiency or
cooling solution does not
result in the expected
savings
Technology used in the
energy efficiency project
fails
Energy efficiency
equipment is not
maintained resulting in
equipment failure and
financial loss
MitigantRisk Description
9. 9
• Indonesia Hospitality Sector Cooling Efficiency Guarantee Facility to de-risk projects and/or move “Hospitality” into the category of
“Eligible Project Types” – need to recalibrate Covid 19 de-risking support to more than infrastructure projects!
• Financial Risk Management Instruments include but not necessarily limited to:
Partial Risk Guarantees/Partial Credit Guarantees
Export Credit Guarantees
IFIs and/or Multilateral lenders
• Lender of Record/Guarantor of Record
• Take Out Guarantees
• “System of Supports” to mobilize equity or debt capital for economic recovery in Indonesia’s Hospitality sector and the wider economy.
• Address labor concerns cited in Horwath study by doing more cooling efficiency projects faster – and asset owners back to profitability!
• Catalytic green finance deployed on a sectoral basis (versus mega-infrastructure projects) to address credit default and/or non-payment
risk associated with Covid-19.
• Incorporate sovereign, international financing institutions, philanthropic stakeholders, asset owners and global brands.
A “System of Supports” for the Indonesian Hospitality Sector
10. Investing throughout the project life-cycle
Development Phase
Construction Phase
Operational Phase
10
• Established with government
backed institutional funds
focussed on efficient &
decentralised energy assets
• 5 Offices and over 20 investment
professionals in London, Dublin,
New York, Hong Kong & Madrid
• On-site energy and energy efficient
solutions: deep experience in
project development, investment
and asset management
internationally
• Substantial experience at grid scale
across multiple renewable
technologies
UK Ireland Singapore New York
International investment vehicles
Overview of the SDCL Group
SDCL is based in London with offices in the UK & Europe, North America and Asia. It manages institutional energy
efficiency infrastructure funds in collaboration with the governments of the UK, Ireland, Singapore and New York.
11. Important notice
11
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