Essay --

With energy demand projected to almost double in the Asia and Pacific region by 2030, there is a necessity for innovative ways to generate power while at the same time reducing pollution and greenhouse gas emissions. The United Nations Secretary-General made sustainable energy one of the five key priorities which include developing sustainability guidelines and criteria for bioenergy production and use; mapping landscapes to determine bioenergy potential in developing countries; and promoting investment in bioenergy. United Nations reiterated that universal access to energy, improved efficiency and enhanced deployment of renewable sources are achievable, and the is leading a â€Å"Sustainable Energy for All† initiative led by the Secretary-General to make them achievable. (UN Foundation,2013) Vital trends relevant to biomass energy project development are the power infrastructure and the project finance market. (Minnich, 2010) The first deals with emerging economies, particularly in Asia-Pacific nations such as the Philippines, are continually challenged by inadequate power supply to meet demands. The problem is exaggerated in nations where rural electricity is limited by geographical barriers or political challenges. Hence, many nations have established models for independent power producers that promote smaller, private owned power plant developments while guaranteeing connectivity to the national power grid. These applications, typically limited in size, from 1 to 50 MW approximately, create many opportunities for small power producers. In regions where agriculture is the major industry or in countries with national bio-fuel policies, the availability of biomass fuel sources and the promise of independent power producer policy may... ...- East Asia Pacific mentioned â€Å"Cross region and collaboration is very important in order to share lessons in the successful implementation of SEF. It is important for IFC and FIs to share experiences on implementing and financing these projects for this is important way to improve how we do business. Each country or bank is unique yet fundamental procedures such as understanding the clients’ needs, knowing the market are matched with how we could address it by keeping open mind and being adoptable†. Permata Bank formed the BPI - Permata Bank Knowledge Exchange in May 2012 as a platform for IFC, Permata and BPI to engage in knowledge sharing. The results of the exchange will become the benchmark in project financing renewable energy in the region the replication of the SEF model, originated from Russia, Europe and China, and adopt it for South East Asian nations.