Clime Capital Management: Regional Energy Management Initiative (REMI)
Southeast Asian economies confront a pivotal challenge as they seek to balance economic growth with meeting critical emission targets. Energy efficiency (EE) and demand-side management (DSM) represent significant near-term opportunities that remain underutilised despite their impact on emissions reductions and potential to reduce ‘carbon lock-in’.
Clime Capital Management and Village Energy are developing REMI, which will support the deployment of EE and DSM technologies in Indonesia, the Philippines and Vietnam.
REMI will empower the commercial and industrial sectors to operate more efficiently through retrofitting existing equipment and energy use optimisation using proven, scalable technologies. REMI will also facilitate new ways for grids and consumers to shift energy consumption throughout the day to optimise for cost and emissions reductions, reduce overall peak demand, optimise energy use, and facilitate greater penetration of renewable sources of power into electrical grids.
Overall, REMI will:
- Reduce ‘carbon lock-in’ from regional grid systems that face growing peak load.
- Reduce carbon emissions by at least 10 million tonnes of CO2 equivalent.
- Create savings for commercial and industrial customers, utilities, and residential power consumers.
- Drive more investments in EE and DSM sectors.
Taken as a whole, REMI will promote more resilient and energy-efficient economic growth and crowd-in more investment into the low-carbon transition, while creating new jobs in the clean technology sector and helping countries achieve their own emissions reductions targets.
Sinar Mas: Improving Community Livelihoods through Biofuel Production
Jatropha has long been positioned as a high yielding oil crop without the food vs fuel conflict. The major focus of Jatropha is to produce oil for biodiesel (a less carbon-intensive fuel). However, Jatropha has been explored several times in Indonesia and failed.
Since the last wave of interest in the late 2000s, JOil, a joint venture founded by Temasek Life Sciences Laboratory, has conducted significant research and development into Jatropha, resulting in new high-yielding seeds, a refined agronomic approach and a whole plant utilisation approach to maximise revenue generation from the plant.
Since 2016, Sinar Mas subsidiaries have worked with local communities to improve their economic well-being through our Desa Makmur Peduli Api programme (DMPA). Unsustainable activities like illegal logging or using fires to clear fields remain common practices in Southeast Asia; the DMPA provides local villagers with alternative means to farm without deforestation or use of fires.
In this project, Sinar Mas couples the exploration of an enhanced Jatropha value chain with new economic opportunities for rural communities. As Jatropha can grow in relatively poor soil conditions and areas with relatively low rainfall where other oil crops might fail, communities can make use of otherwise unproductive land to supplement and diversify their income, strengthening their resilience to economic and climate change shocks. In addition, the project will bring management to the land, thereby reducing risk of fires and deforestation.