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Offshore wind generation capacity is one of the fastest growing forms of green energy globally. It will rise 10-fold this decade – to 330 GW by 2030 from about 34 GW in 2020 –based on one estimate (Wood McKenzie) and will need tens of billions of dollars. Our guest, Mark Hutchinson is one of Asia’s leading veteran experts in the energy sector in general and clean energy in particular. In our conversation we first discuss the current state of the US and European offshore wind markets. We then deep dive into the current state as well as the outlook for offshore wind in some key jurisdictions around the region, including Japan and South Korea. As well as markets which are offering enormous potential including India, the Philippines, and Vietnam. In addition to the business opportunity, Mark also shares some interesting thoughts on financing trends.

ABOUT MARK. Mark Hutchinson has over three decades of energy sector experience, including over 25 years consulting and research experience in Asia. He has expertise in strategic advice, finance, M&A, contract negotiations and due diligence in the power and renewables, and the oil and gas sectors. He is the chair of the Southeast Asia Task Force for the Global Wind Energy Council. Mark works with the GWEC members in Asia and globally to represent the wind industry in policy and regulatory discussions across the region. GWEC convenes both in-person and virtual meetings with key stakeholders, providing fact-based analysis and guidance to help shape policies that affect the wind industry.

Note: Link to details on GWEC’s Global Wind Report Launch 2023

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License

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The Blue Economy’s annual turnover is US$3–6 trillion (UN), which some estimate will double by 2030, presents a growing opportunity for business and investment. In this episode, Dr Mike Abundo, CEO of OceanPixel, first offers a clear and detailed definition of the Blue Economy, its ecosystem, including ocean and marine clean energy, as well as the intersection with decarbonisation and the energy transition. Mike also discusses the data management and intelligence angle. We then move to OceanPixel as a case study in the Blue Economy with Mike offering three examples of projects the company has been working on. Finally, Mike shares his insights about the outlook of the Blue Economy opportunity.

ABOUT MIKE. Dr Michael Lochinvar Sim Abundo is a green (and blue) techno-preneur who specializes in Marine Renewable Energy (with pilot projects in small island developing states and ‘tropical’ solutions) and other technology-enabled, innovation-infused sustainability transitions. He has over 15 years of experience in various roles in the Innovation and Research, Development, & Demonstration (RD&D) Ecosystems of the Asia-Pacific Region working with academe, industry, and government. He has contributed to the inclusion Marine Renewable Energy into Southeast Asia’s Energy mix at various scales (e.g. energy harvesting, micro-grid, grid-tied/large scale) and for a spectrum of applications (e.g. vessel, ports, aquaculture, etc). Michael is handling R&D/Project collaborations between industry, academe, and government focusing on Digitalization, Data Processing and Management, Autonomous Vehicles (land, air, sea -surface and underwater), Internet-of-Things (IoT), Human Factors, etc in applications such as robotics, food security, resiliency, energy, defence, traffic management (air and vessel), sustainable operations, and the wider Blue Economy. He has successfully initiated, executed, and handed-over a community-based energy intervention programmes especially for accelerated post-disaster recovery with a sustainability plan involving various stakeholders (e.g. NGOs, Academe, Industry, local gov’t).

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli  |  MUSIC: The Open Goldberg Variations, Kimiko Ishizaka  |  FEEDBACK: Email the Host.

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License

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The global carbon markets are an important source for funding the decarbonisation needed to mitigate the climate crisis. The compliance and the voluntary global carbon markets amount to almost US$1 trillion or so. They are set to grow dramatically. The smaller of the two, the voluntary one, will grow five-fold by 2030 from US$2 billion in 2022, Shell and BCG expect. China will be a key player in the growth given it has the world’s largest carbon market. Julien Hage from CICC Asset Management first shares his thoughts on the basics of the carbon markets and trading, especially the EU Emissions Trading System. He then evaluates the current state of the markets in the EU and in China.

ABOUT JULIEN. Julien Hage is Managing Director and Head of International Business at CICC Hong Kong Asset Management. Julien started his career in asset management with AXA Rosenberg in London where he joined the trading desk and went on to act as deputy head of trading for Europe. He then spent the next 10 years in Hong Kong in investment banking, first with BNP Paribas then with Société Générale. There he held several roles including Asia Pacific head of cash equity execution and later as APAC head of trading and product management across cash equity and listed derivatives. In 2021, he moved back to the buy side, joining Rayliant asset management as head of derivatives trading. In 2022, he joined CICC Hong Kong AM as head of international business. Julien holds a master’s degree in computer science as well as a postgraduate degree in financial engineering from SKEMA business school in France.

This podcast episode and the information contained in it are for general information only and do not constitute financial, professional, investment or any other kind of advice in any way and shall not be considered as an offer or solicitation to deal in any investment products. Also, it shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions. Although the information in this podcast has been obtained from sources which China International Capital Corporation Hong Kong Asset Management Limited (“CICCHKAM”) believes to be reliable, it does not guarantee the accuracy of such information and such information may be incomplete or condensed.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli  |  MUSIC: The Open Goldberg Variations, Kimiko Ishizaka  |  FEEDBACK: Email the Host.

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License

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The Japanese government should be treating decarbonisation with the outmost importance and urgency.  It is one of the largest energy consumers in the world – fifth largest oil consumer for example –and it is almost totally reliant on fossil fuel imports. The authorities did set out a net zero road map which has been broadly criticised for not being robust. Our guest, Mika Ohbayashi of the Renewable Energy Institute in Japan, is uniquely qualified to discuss the government’s renewable energy past track record as well as its path going forward. In the episode, we also discuss the approach to various energy technologies including nuclear energy.

ABOUT MIKA. Mika Ohbayashi is a Director at Japan’s Renewable Energy Institute. Before joining the Institute, she worked for International Renewable Energy Agency (IRENA) as Policy and Project Regional Manager for Asia Oceania, in Abu Dhabi, from May 2010 to Aug 2011. She is one of two founders of Institute for Sustainable Energy Policies (ISEP), and served as Deputy Director for 8 years since its establishment in 2000. She also worked for UKFCO at the British Embassy to Japan, as Advisor for Climate Change Projects and Policies. She started her carrier in the energy fields by joining Citizens’ Nuclear Information Center in 1992, after some years work experience. She coordinates many scientific study projects, takes leadership to team up various networks including national parliamentarians and local authorities, domestically and internationally to improve sustainable energy society. She was awarded the Global Leadership Award in Advancing Solar Energy Policy by the International Solar Energy Society (ISES) in 2017.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli  |  MUSIC: The Open Goldberg Variations, Kimiko Ishizaka  |  FEEDBACK: Email the Host.

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License

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 The Asian and global electric vehicle market is massive and growing fast. One of the many forecasts put the value of the sector to rise six-fold, to almost $1,110 billion by 2030 from about $180 million in 2021. Key to the growth of EVs, and thus to decarbonisation and the energy transition, is the charging and the companies that operate the charging infrastructure. Our guest is Vincent Yip, the Chief Executive Officer of Cornerstone Technologies Holdings Limited. The listed company specialises in the supply and installation of EV chargers, infrastructure, and central management systems. Vincent first examines EV charging in general.  We then look at the actual business and the charging point operators’ business models, including financing issues. Finally, we chat about Vincent’s company specifically as a case study.

ABOUT VINCENT. Vincent graduated from Oxford University with a Master’s Degree in Engineering and Computer Science. He started his career at McKinsey & Company and had been with the firm for 12 years. Subsequently, he has been an entrepreneur and senior management in building and transforming businesses. Before joining Cornerstone Technologies, he was the CEO of K11 Cultural Enterprise Businesses. Prior to that, he was the Group CEO of G2000 (Apparel) Limited.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli  |  MUSIC: The Open Goldberg Variations, Kimiko Ishizaka  |  FEEDBACK: Email the Host.

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License

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The real estate sector accounts for about two-fifths of global carbon dioxide emissions meaning it plays a direct key role in decarbonisation and a major indirect role in the energy transition. This is something particularly important to Asia given the region has eight of the top ten largest urban agglomerations worldwide. Our first guest for 2023 is Johan Tellvik who is the CEO of ESG Real Estate Lab. He shares his experience and insights on the latest trends in real estate and smart cities when it comes to decarbonisation.

ABOUT JOHAN. Johan Tellvik brings 30+ years of experience in finance as a highly successful hedge fund manager, investment banker, and strategic advisor. He has managed large absolute return portfolios at billion-dollar hedge funds with special focus on real estate, sustainability, capital markets, and technology. He has analysed and invested in hundreds of IPOs and is a strategic advisor working with private start-ups helping with business development, financial planning, and business evolution. He brings a wealth of experience as an educator having been an active speaker throughout his career. He has for the past few years been involved in business development and fundraising roles for a variety of different companies. He is the CEO and co-founder of ESG Real Estate Laboratory which is focused on educating and up skilling professionals working in the real estate ecosystem with regards to sustainability and profitability.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: The Open Goldberg Variations, Kimiko Ishizaka | FEEDBACK: Email the Host. 

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License

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In Episode 23, the last for 2022, we measure the current temperature of the energy transition in some key Asia economies with one of the region’s most experienced and respected energy economist and consultant, Mike Thomas. He explains how the region is rapidly transitioning today though it came very late in the game. He broadly talks about the great amount of investment interest and activity that he has been witnessing. Some of the selected countries discussed include Australia, India, Malaysia, the Philippines, Thailand, and Vietnam. Finally, he offers an overall outlook on Asia’s decarbonisation path.

ABOUT MIKE.  Mike Thomas is a founding partner at The Lantau Group with over 30 years of consulting experience, focussing on the energy sector.  He advises a wide range of energy sector stakeholders on strategic, regulatory, and competition matters; sustainability; market design and development; and commercial transactions.  Prior to co-founding in 2010, he headed the Asia Pacific Energy & Environment practice of a global consulting firm.  Mike has an MPP from Harvard Kennedy School, United States and a BA in Economics from Carleton College, United States. More specifically, within the Asia Pacific region, he has led many significant engagements involving the robust application of economics and analytics to a wide variety of business, policy, and regulatory challenges affecting the electricity and gas sectors.  He works extensively with multinationals on sustainability strategies, focussing on the best options in different markets, and on the regulatory and policy changes needed to support increasing renewable energy contracting options.  He has testified or advised as an industry economic expert in commercial contract disputes before courts or arbitral panels in Malaysia, Singapore, Hong Kong, New Zealand, and Australia, and on disputed regulatory matters before regulatory authorities in New Zealand, Australia, and the Philippines.  His experience in commercial matters includes market forecasts and revenue simulations for numerous renewable energy and conventional energy projects and market assessments in South Asia, North Asia, ASEAN, and Australia/New Zealand.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli  |  MUSIC: The Open Goldberg Variations, Kimiko Ishizaka  |  FEEDBACK: Email the Host.

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License

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It is a ideal time to take a temperature check of the state of sustainable finance in Asia as the year draws to an end. The episode’s guest is an expert in all things sustainable finance given his background and interactions with regulators, corporations, and investors. Tasos Zavitsanakis if the head of Sustainable Finance for Greater China at UBS’ APAC Sustainable Finance Office. We first define sustainable and transitional finance and then focus down on the evolution of this area in Asia. We evaluate where we stand today, and finally where we are heading. All in an easy-to-understand format. We also discuss current and long term areas of opportunities for corporations and for capital markets investors.

ABOUT TASOS. Tasos, is Head of Sustainable Finance for Greater China within the APAC Sustainable Finance Office at UBS where he is responsible for driving Sustainable Finance business initiatives. His focus is on client and regulatory engagement, thought leadership development, capacity building, and forging strategic partnerships in the sustainability ecosystem. Tasos, specializes in Decarbonisation strategies supporting clients in formulating Credible and Just Transition Plans and Impact towards Net Zero. In addition, he leads UBS's global Carbon working group and has represented UBS in the global industry Taskforce for Voluntary Carbon Offset Markets and developing UBS’s Carbonplace infrastructure. Tasos, supports UBS’s Sustainability and Impact Institute contributing in thought leadership and has co- authored “The Green Inflection Point, driving decarbonization of the real economy” and the “Voluntary Carbon Market Primer”. Tasos, regularly advises regulators and exchanges in APAC to develop the Sustainability Finance agenda including Climate and Risk Management Frameworks, Disclosures, Taxonomies and Carbon market development and is regularly called upon to represent the firm in sustainability conferences. He also represents UBS as a co-chair of HKMA’s Capacity Building Cross Agency Steering Group. Tasos is a graduate from Imperial College, Electrical and Electronic Engineering in the UK. In addition, he holds an MBA in Entrepreneurship and certificates in CFA Institute in ESG Investing, Sustainability and Climate Risk from GARP and Circular Economy from Cambridge. Finally, he is a GRI Certified Sustainability Professional and a Certified Al Gore Climate Reality Leader speaker.

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License

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Our guest is Jan Napiorkowski, global head of clean energy at Ariel Re. Jan first discusses his background and his work in insurance in clean energy, an area which is vital to sustainable finance. The elephant topic! Then we launch into two sections. In the first part of the episode, we look at some of the basics. Namely, the insurance and reinsurance of clean energy projects in the world in general and in Asia in particular. In the second part of the discussion, we take a deeper dive in the topic. We discuss a little bit more in depth about technologies and couple of examples as well. Two technologies which feature prominently are battery energy storage and bioconversion/Waste-to-Energy.

ABOUT JAN. Jan Napiorkowski is Global Head Clean Energy, Vice President, Ariel Syndicate of Lloyd's (Ariel Re). Before 2010 Jan held various positions in the insurance and reinsurance sector across Europe. Since 2010 he developed the insurance market for renewable energy performance warranties and headed Munich Re’s APAC Clean Energy unit out of Hong Kong. In 2015 Jan established Ariel Re's Clean Energy practice specialized in a wide range of Performance Guarantee solutions for utility scale and C&I portfolios of solar, waste to energy and storage projects. Jan is a trained theoretical physicist and holds a MBA in Insurance and Risk Management.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli  |  MUSIC: The Open Goldberg Variations, Kimiko Ishizaka  |  FEEDBACK: Email the Host.

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License

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Welcome to the 20th episode. Our guest is Nicolas Leong from Wärtsilä Energy, based in Tokyo. We first discuss the company, a leading technology provider, as a case study of a firm heavily involved in the energy transition and decarbonization in Asia.  A firm which, amongst other things, is focused on grid balancing gas engines and energy storage systems. Nicolas also shares his thoughts and insights about Japan and the developments there on the clean energy front, as well as his thoughts on the net zero journey of some other Asian jurisdictions.
Link to articles, webinars and other resources from Wärtsilä

ABOUT NICOLAS. Nicolas Leong is the Energy Business Director, North & Southeast Asia at Wärtsilä Energy. In his role, he leads the sales and business development teams, ensures customer satisfaction, and accelerates the energy transition in his region. Nicolas is an active speaker and thought leader in the market where he is passionately promoting the need for flexibility as the key enabler for renewable integration in today’s energy transition and tomorrow’s decarbonisation. Nicolas holds a bachelor’s degree in Electrical Engineering with Honours from National University of Singapore. He is currently located in Tokyo, Japan.

HOST, PRODUCTION, ARTWORK: Joseph Jacobelli  |  MUSIC: The Open Goldberg Variations, Kimiko Ishizaka  |  FEEDBACK: Email the Host.

FEEDBACK: Email Host | HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30-50 Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | Ep51 – Brandenburg Concerto No. 4 in G, Movement I (Allegro), BWV 1049 Kevin MacLeod. Licensed under Creative Commons: By Attribution 4.0 License