Low Carbon Technology in Decarbonising the Energy Sector


Organiser Energy Research Institute @ NTU (ERI@N) and U.S. Department of Commerce
Date Session C, 26 Oct 2023, 14:00 - 16:00 hrs
Venue Level 4, Orchid Junior Ballroom, 4211 and 4311, Marina Bay Sands, Singapore

The Biden Administration has made a pledge to support carbon capture and storage (CCS) technology deployment and renewable energy sources abroad. This pledge is part of the Administration’s broader climate agenda, including its commitment to achieve net zero emissions by 2050. Carbon management technologies and renewable energy sources can help address the climate change challenge by reducing greenhouse gas emissions domestically and internationally.

Although there are multiple players eager to be the first mover on carbon management and renewable energy technologies within the region, legal, regulatory, and financing challenges inhibit widescale deployment of these projects in ASEAN markets.

CCS and geothermal energy are two distinct technologies related to energy and environmental concerns, but they are not directly interconnected and address different aspects of energy and environmental challenges. Geothermal energy offers a renewable and low emission energy source, while CCS focuses on capturing and storing CO2 emissions from various industrial processes and power generation methods.

Programme

14:00 – 14:05hrs Opening Remarks
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Benefits of U.S.-ASEAN collaboration to explore geologic storage of CO2 and geothermal, on U.S. experience in carbon management/geothermal, on the global need for carbon dioxide removal and renewable energy solutions, challenges, and opportunities.

14:05 – 14:20hrs CCS Landscape in ASEAN Region
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High level overview of existing private investment & CCS project outcomes, CO2 geological storage, and project pipeline.

14:20 – 14:35hrs R&D of Geothermal Landscape in ASEAN Region
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High level overview of recent R&D findings in Singapore, existing geothermal projects in ASEAN region & private investment, and project pipeline.

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