Overview
The Association of Southeast Asian Nations Low Carbon Energy Programme (ASEAN LCEP) is a £15m aid programme of the UK’s Prosperity Fund. In close collaboration with local and international entities from both the public and private sectors, the programme seeks to help ASEAN harness the benefits from the deployment of low carbon energy by leveraging the UK’s extensive and proven expertise in green finance and energy efficiency. The programme operates in Indonesia, Malaysia, the Philippines, Thailand and Vietnam. It seeks to support inclusive growth and poverty reduction through increased energy efficiency and adoption of low carbon energy through the use of green finance.
To achieve this, the programme offers bespoke support to each country through policy advice, capacity building, technical assistance and market development.
The Carbon Trust is working with EY and IMC Worldwide to deliver the programme, and is leading on the energy efficiency components. The programme is running until 2022.
Support areas
The support provided by the Carbon Trust focuses on the following areas:
- strengthening energy efficiency policy and regulations, mandates or targets, along with capacity building support
- developing energy data collection processes and methodologies that can be used to strengthen analysis of industry energy data
- scaling up energy efficiency investments by catalysing pilot projects, designing new products and opening up markets for energy service companies (ESCOs)
- strengthening the business case for energy efficiency by promoting energy management systems and identifying energy savings opportunities for food and beverage companies
Gender equality and social inclusion are mainstreamed in all support provided.
Green bonds support
The Carbon Trust can assist issuers in establishing and adopting a green bond framework that complies with a green bond standard, or may provide assurance services to issuers for their green bonds. The associated costs of advisory and assurance services provided by the Carbon Trust will be covered under the ASEAN LCEP.
