Announcement of the guideline for Asia’s transition finance which was developed by ATF study group as well as the list of transition technology will be made. The members of the ATF Study Group range from Asian and global banks to government related organizations.
Press Release (PDF)
NEXI and JBIC will introduce their financial activities and policies which are in line with Asia Energy Transition Initiative (AETI) and Asia Transition Finance (ATF).
MOUs for projects that contribute to Asian energy transition will be signed.
Press Releases
Special messages about the importance of transition finance in Asia and innovation by world leaders mainly in the financial sector.
Mr. ASAKAWA Masatsugu
Asia Development Bank (ADB)
“As we all know, energy is essential for economic growth and energy security is now a critical challenge across the world. This is a major concern for developing countries. They are especially vulnerable to instability in the energy markets.”
Mr. Paul Everingham
Chief Executive Officer, Asia Natural Gas & Energy Association, Singapore
“Energy efficiency and renewables alone will not be sufficient and developing gas over coal will be critical to balancing emissions targets with energy security. Some multilateral financing organisations are backing away from supporting gas developments; this support should be reinstated now.”
In September 2022, Paul Everingham was appointed as the inaugural Chief Executive of the Asia Natural Gas & Energy Association (ANGEA).
Immediately prior to joining ANGEA, Paul was the Chief Executive of Australia’s premier resource advocacy body, the Chamber of Minerals & Energy.
From 2006-2017, Paul founded and established one of Australia’s most successful government relations advisory firms, GRA Everingham.
Earlier in his career Paul had work stints with the Australian Treasury; with a leading Australian corporate advisory firm; and with a large international bank.
Paul has a Bachelor of Commerce from the University of Queensland and holds post graduate qualifications in finance.
Mr. Jaideep Khanna
Head of Barclays, Asia Pacific
“The first edition of the Asia Transition Finance Guidelines, based on the efforts of the participants in the Asia Transition Finance Study Group, will supplement existing frameworks, including global ones, to address challenges that are particularly relevant to transition finance in Asia.”
Jaideep Khanna is Head of Barclays for Asia Pacific and Country CEO for India. Based in Mumbai, he is Chair of the Asia Pacific Executive Forum and a Board
member of Barclays’ Global Service Centre.
As Head of Barclays for Asia Pacific, Jaideep is responsible for driving the strategic priorities of Barclays’ Asia Pacific franchise.
Mr. Nadir Godrej
Chairman of Godrej Industries Ltd. and Godrej Agrovet Ltd.
”As technology takes a leap, green energy gets very cheap.(・・・)Technology can save the day, but developed nations can pave the way, atone for their earlier sins by paying for new win-wins. A technology fund is what we need, developing nations can succeed.”
Mr. Nadir Godrej is the Chairman of Godrej Industries Ltd. and Godrej Agrovet Ltd. He has a MS degree in Chemical Engineering from Stanford and an MBA from
Harvard. He has developed the animal feed, agricultural inputs and chemicals businesses of Godrej Group and has been very active in research. He is deeply
committed to the GOOD and GREEN strategies and achievement of set sustainability targets for the Godrej Group. He has been awarded the Chevalier de Legion
d'Honneur by France. He was awarded an Honorary Degree of PhD from Manav Rachna University. He is the author of "Life and Other Poems" & "Nadir Godrej The
Poet", collections of English and French poems.
Mr. HAYASHI Nobumitsu
Governor, Japan Bank for International Cooperation
“(…) financial support for the energy transition of each country is essential. Transition finance is one of the most important factors in facilitating the initiative, and it has a significant role to play in accelerating the fair and orderly transition, in line with the Paris Agreement goals.”
Mr. Hayashi started his professional career at the Ministry of Finance, Government of Japan upon graduating the University of Tokyo in 1980. Since then, he held
various senior positions at the Ministry, in charge of economic policy, government finance, and international finance, including Director-General of the Finance
Bureau and President of the Policy Research Institute, and finally was appointed Commissioner of the National Tax Administration in 2014. He was Executive
Assistant to Prime Minister from 2007 to 2008 and, from 2010 to 2012, served as Executive Director for Japan at the World Bank Group.
Ms. Verena Lim
CEO, Macquarie Group Asia
“The transition must be done in a responsible manner, and we need platforms that can help industry, finance, and government work together to identify actions needed to put high emitting industries onto sustainable pathways, policy engagement framework and innovative financing solutions”
Macquarie Asset Management (MAM) and Head of Macquarie Asia Infrastructure Platform (MAIF) Investments. Verena has led major acquisitions in Asia-Pacific across
various infrastructure sectors including, oil and petrochemical storage, transportation and digital infrastructure. Verena currently sits on the investment
committees of MAM Asia-Pacific funds, including the MAIF series, and on several portfolio company boards. Verena is the Chair of Macquarie's Asia Diversity,
Equity and inclusion (DEI) Committee, a member of Macquarie Group Foundation Committee and Chair of Macquarie Group Foundation's Social Impact Investment
Advisory Committee. Verena holds a Bachelor of Commerce (Finance) and a Bachelor of Laws from University of New South Wales
Mr. Eugene Weng Soon WONG
Chief Executive Officer, Sustainable Finance Institute
“Because the starting points and circumstances of every country will be unique, it will be very difficult for a single global transition pathway to be embraced. A commonly accepted approach on the essential elements for a transition need to be agreed, but we will need specific criteria for different sectors and countries. This should not stop transition activities and financing for them.”
Eugene Wong is the CEO of SFIA, an independent institute established to catalyse ideas on Sustainable Finance at the policy level in ASEAN, as well as propel
action in support of those policy ideas. SFIA is the Host of the ASEAN Taxonomy Board. He was previously Managing Director, Corporate Finance & Investments of
the Securities Commission Malaysia and was a Chair of the Deputies of the ASEAN Capital Markets Forum, the Co-Chair of its Sustainable Finance Working Group and
a Co-Chair of the ASEAN Working Committee on Capital Market Development.
Mr. Bill Winters
Group Chief Executive, Standard Chartered
“Blended finance is a critical tool to de-risk and attract private investment, but we need to approach greater innovation to scale up that investment.”
Bill Winters was appointed to the Board of Standard Chartered PLC as Group Chief Executive on 10 June 2015, having joined the Group in May 2015. He is based in
London. Bill has had a distinguished career in banking, having spent 26 years with JP Morgan in diverse leadership roles, becoming co-Chief Executive Officer of
the investment bank in 2004 until he stepped down in 2009. Bill was the only career banker to be invited to be a committee member of the Independent Commission
on Banking, established by the UK government in 2010 to recommend ways to improve competition and financial stability in banking. Subsequently, he served as
advisor to the Parliamentary Commission on Banking Standards and was asked by the Court of the Bank of England to complete an independent review of the bank's
liquidity operations. Bill founded the hedge fund Renshaw Bay in 2011 where he was Chairman and CEO until he stepped down from the company on appointment to the
Standard Chartered PLC Board. Bill presently Chairs the Taskforce on Scaling Voluntary Carbon Markets and Co-Chairs the B20 Action Council on Sustainability &
Global Emergencies. Bill is an independent non-executive director of Novartis International AG. Bill was previously a non-executive director of Pension
Insurance Corporation plc before stepping down in October 2015. He holds a Bachelor's degree in International Relations from Colgate University and an MBA from
the Wharton School at the University of Pennsylvania. He was awarded the CBE in 2013.
Ms. KOIKE Yuriko
Governor of Tokyo
“To turn risk into opportunity, we will divert excellent technologies to growth industries. We will strongly promote measures for green transformation. These include assisting promising startups in the green technology sector; supporting the development of products that will contribute to greater use of renewable energy; and providing financial support .”
Mr. Jesper Koll
Expert Director for the Monex Group and the Japan Catalyst Fund
“We do need to reform the business model of the multinational development banks.(・・・)They need to change this towards a lone-bundle-distribute model to actually free up capital on their own balance sheet and to actually allow global investors to actually participate in these projects given and taking advantage of the information advantage and the expertise that the Asian Development Bank and other MDBs actually bring to the market.”
Dr. Mari E. Pangestu
Managing Director for Development Policy and Partnerships, World Bank
“At this critical time, we welcome the government of Japan’s initiative to achieve both sustainable growth and decarbonization in Asia, through a well-balanced energy transition. ”
Dr. Mari Pangestu is the World Bank's Managing Director of Development Policy and Partnerships, assuming her role in March 2020. She oversees the institution's
Global Practice Groups and External and Corporate Relations function. She brings over 30 years of experience in government, academia, and international
organizations, working in international trade, investment and development in multilateral, regional and national settings. She served as Indonesia's Minister of
Trade (2004-2011) and as Minister of Tourism and Creative Economy (2011-2014). Most recently, she was a Senior Fellow at the School of International and Public
Affairs, Columbia University, and Professor of International Economics at the University of Indonesia.