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Decarbonising Asia: Energy Transformation

Organiser Energy Market Authority
Date 25 Oct 2024, 09:30 - 11:40 hrs
Venue Level 4, Orchid Junior Ballrooms

Along with rapid economic development, Asia has become the world's largest emitter of greenhouse gases, accounting for roughly 51% of global carbon emissions. This dependence on fossil fuels, particularly coal, poses environmental challenges for the region and the world. By transitioning towards cleaner energy sources and improving energy efficiency, Asia can decarbonise to safeguard its environment, public health, and long-term economic prosperity.

This roundtable session will convene key stakeholders from across Asia to explore collaborative strategies for accelerating the region's energy transition. The discussion will focus on:

  • Sharing best practices and successful models for decarbonisation initiatives implemented in various Asian countries.
  • Identifying key challenges and opportunities specific to the diverse energy needs and resource landscapes across the region.
  • Fostering regional cooperation in areas like technology transfer, knowledge sharing, and joint research & development for clean energy solutions.
  • Exploring innovative financing mechanisms and investment models to support the large-scale deployment of renewable energy and energy. efficiency measures.
  • Addressing the social and economic dimensions of the energy transition, ensuring a just and equitable transition for all communities.

Programme

09:30 – 09:45 hrs Opening Remarks
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09:45 – 09:55 hrs Scene Setting Presentation: Scenarios of Energy Transformation: Case of Southeast Asia
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09:55 – 10:05 hrs Scene Setting Presentation: ASEAN Power Grid
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  • Dr Zhong Sheng, Senior Research Fellow, Energy Studies Institute – NUS

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    pdf_smallClick here to download the presentation

10:05 – 10:50 hrs Panel Discussion I: Charting a Diversified Renewable Energy Path
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Panellists:

Francisco Gafaro
Francisco Gafaro

Team Lead Power Sector Transformation Innovation and Technology Centre, IRENA
Matthew Wittenstein
Matthew Wittenstein

Section Chief, Energy Connectivity, Energy Division, UNESCAP
Jen Tan
Jen Tan

Head of Renewables for Singapore and Indonesia, Sembcorp Industries
Tolga Bayav
Tolga Bayav

Commercial Director for Asia Pacific, Karpowership

Moderator:

Nadhilah Shani
Nadhilah Shani

Senior Research Analyst, ASEAN Centre for Energy
Panellists:
 
  • Dr Zhong Sheng, Senior Research Fellow, Energy Studies Institute, NUS

The panel would discuss the scenarios of energy transformation towards low carbon energy system, focusing on:

  • The mixture of renewable energy sources and utilization in addressing increasing demand
  • The importance of grid modernisation and energy storage for higher renewable energy system
  • 100% RE: The potential role of nuclear and emerging fuels (hydrogen, ammonia) in the future energy mix.
  • Ensuring a just and inclusive transition away from fossil fuels energy system and industries, including job creation.
10:50 – 11:35 hrs Panel Discussion II: Financing the Future: Innovative Solutions for Decarbonisation Investments
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Panellists:

Kelvin Wong
Kelvin Wong

Global Head of Energy, Renewables and Infrastructure, Institutional Banking Group, DBS Bank
Jennifer Tay
Jennifer Tay

Asia Pacific Infrastructure Leader, PwC
Jie Tang
Jie Tang

Practice Manager, Energy and Extractive Global Practice, World Bank
Jacqueline Lam
Jacqueline Lam

Regional Director, Asia, Sustainable Energy for All (SEforALL)

Moderator:

Lin Suling
Lin Suling

Senior Columnist, The Straits Times

The panel would discuss how to provide the huge investment required for energy transformation pathways, focusing on:

  • The role of public-private partnerships in attracting private sector investment into clean energy projects.
  • Exploring innovative financing mechanisms like green bonds, carbon pricing schemes, and blended finance models.
  • De-risking mechanisms for decarbonization projects, especially energy efficiency.
  • The role of multilateral development banks and international financial institutions in supporting Asia's energy transition.
11:35 – 11:40 hrs Wrap-up and closing

 

*Programme is subject to changes.