Views from Singapore-IEA Forum: Realising a Net-Zero Future
The Singapore-IEA Forum saw the launch of the IEA’s World Energy Outlook 2021 report, which detailed how the global energy landscape will evolve in the coming decades.
During his Opening Remarks, Ngiam Shih Chun, Chief Executive of Energy Market Authority (EMA), Singapore, observed that green finance would be a key focus area for ASEAN as the region explores cleaner energy alternatives.
"ASEAN will have to continue to explore pathways to secure investment for low carbon technologies," highlights Ngiam Shih Chun of @EMA_sg. #SIEW2021 #SGIEAforum
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 27, 2021
International Energy Agency (IEA) Deputy Executive Director, Mary Burce Warlick was next to give her remarks. She touched on the importance of working with both developing and developed countries alike to reduce global carbon emissions.
"International collaboration will be key to addressing climate change," shares Mary Burce Warlick of @IEA. #SIEW2021 #SGIEAforum pic.twitter.com/R3np7YS0bQ
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 27, 2021
YB Dato Seri Setia Dr Awang Haji Mat Suny bin Haji Md Hussein, Minister of Energy, Brunei Darussalam, then delivered his Keynote Address. He shared that natural gas will play a key role in meeting Brunei’s growing energy demand as the country explores low carbon technologies.
Natural gas has an important role as a transition fuel as the cleanest fossil fuel available, shares YB Dato Seri Setia Dr Awang Haji Mat Suny bin Haji Md Hussein, Minister of Energy, Brunei Darussalam #SIEW2021 #SGIEAforum pic.twitter.com/G3VDkxGEPb
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 27, 2021
H.E. Takiyuddin bin Hassan, Minister of Energy and Natural Resources, Malaysia, highlighted Malaysia’s commitment to reach net-zero emissions and outlined the country’s energy transition pathway.
H.E. Takiyuddin bin Hassan, Minister of Energy and Natural Resources, Malaysia advocates a pragmatic, forward-looking approach to the energy transition. #SIEW2021 #SGIEAforum pic.twitter.com/AIT17D6J0J
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 27, 2021
Malaysia's commitment for power sector: 31% RE installed capacity by 2025, no new coal power plants, no RE exports, shares H.E. Takiyuddin bin Hassan, Minister of Energy and Natural Resources, Malaysia. #SIEW2021 #SGIEAforum
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 27, 2021
The keynote addresses led to the Southeast Asian launch of the IEA World Energy Outlook 2021 Report. During the launch, Mary Burce Warlick described the challenges and opportunities in reshaping global energy markets to achieve the 1.5 degree Celsius scenario under the Paris Agreement.
"The world is starting to bend the emissions curve but a large ambition gap remains in 2030", shares Mary Bruce Warlick, Deputy Executive Director, IEA, at the SEA Launch of IEA World Energy Outlook #SIEW2021 pic.twitter.com/VioxQ4HbOu
— Yi Lin Boo (@yilinboo) October 27, 2021
There are cost-effective ways to close the ambition gap, shares Mary Burce Warlick of @IEA. Some examples include increasing the share of low-cost #renewable #energy, reducing methane leaks and improving #efficiency. #SIEW2021 #SGIEAforum @AmbMaryWarlick
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 27, 2021
Follow us on Twitter (@SIEW_sg) to get the latest #SIEW2021 updates throughout the day!