Views from Singapore-IRENA Forum: Renewable Pathways to Achieving Global Net-Zero Ambitions

Global energy leaders convened at the Singapore-IRENA High-Level Forum to explore the need to invest in new renewable technologies and clean energy projects.

Government ministers and industry leaders at the Singapore-IRENA High-Level Forum discussed the different pathways to scale up current clean energy investments and ensure an inclusive and just energy transition.

Dr Tan See Leng, Minister for Manpower, Second Minister for Trade and Industry, Singapore, delivered his Opening Remarks on the nation’s efforts to drive the energy transition.

Singapore is doing its part to invest in the energy transition through these initiatives:
1) MAS Green Finance Action Plan
2) Carbon market initiatives like Climate Impact X
3) S$55 million for Low-Carbon Energy Research (LCER) Funding Initiative (FI).#SIEW2021

— Yi Lin Boo (@yilinboo) October 26, 2021

"Recent developments in advanced geothermal systems which harness heat from deep dry rock may allow Singapore to harness geothermal energy with minimal impact to environment and safety." - Second Minister for Trade and Industry Dr Tan See Leng #SIEW2021

— Ryan Yap (@ryap0) October 26, 2021

Francesco La Camera, Director-General of International Renewable Energy Agency (IRENA), was next to share his perspectives. He pointed out that renewable energy plays an instrumental role in achieving a more sustainable energy future—and that the clean energy transition journey has only just begun.

The global renewable energy capacity additions is a clear forecast of where the world is headed in terms of investments, shares @flacamera of @IRENA . #SIEW2021 #SGIRENAforum

— SingaporeInternationalEnergyWeek (@SIEW_sg) October 26, 2021

Electrification will be a key driver of global decarbonisation efforts, elaborates @flacamera, @IRENA. #SIEW2021 #SGIRENAforum

— SingaporeInternationalEnergyWeek (@SIEW_sg) October 26, 2021

H.E. Arifin Tasrif, Minister of Energy and Mineral Resources, Indonesia, provided an overview of measures to mobilise the nation’s green investment and boost energy transition.

Minister Arifin Tasrif shared Indonesia’s plan to support lower financing cost for these green initiatives #SIEW2021 #GreenFinance https://t.co/FdmRwhpbxh

— TAN CHOON KIAT (@TANCHOONKIAT5) October 26, 2021

Discussing the issues from the lens of developments in ASEAN and the EU, H.E. Dato Lim Jock Hoi, Secretary-General of ASEAN, and H.E. Kadri Simson, Commissioner for Energy, European Union, touched on key regional focus areas for green investment.

H.E. Dato Lim Jock Hoi, Secretary General of ASEAN, highlights the need to improve our investment environment and expand beyond our current finance resources for renewable energy. #SIEW2021

— Sophie Gan (@sophiegan_sy) October 26, 2021

H.E. Kadri Simson @KadriSimson delivers her address at Mobilising Investment to Support Energy Transition, of the inaugural Singapore-IRENA forum: we should take the opportunity to build back better. Increases in private investments should be supported. #SIEW2021

— Kim (@JinZYKim) October 26, 2021

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