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REGIONAL INTERCONNECTIVITY FOR NET ZERO
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Co-hosted by Singapore and the International Renewable Energy Agency (IRENA), the third edition of the Singapore-IRENA High-Level Forum will focus on regional energy integration and cross border infrastructure to stimulate energy trade in the region, as well as investments in the energy transition for a net zero future.
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SINGAPORE-IRENA HIGH-LEVEL FORUM, 24 OCTOBER
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1400 - 1410 hrs
(GMT +8)
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WELCOME REMARKS AND OPENING ADDRESS
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1415 - 1515 hrs
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SESSION 1: PATHWAYS FOR REGIONAL INTERCONNECTIVITY
Transforming the energy system towards one dominated by renewable energy comes with challenges. Forward-looking planning, modernisation and expansion of supporting infrastructure on land and sea to facilitate the development, storage, distribution and transmission, and consumption of renewables are crucial. It should facilitate national, regional and global strategies for new supply-demand dynamics and promote equity and inclusion.
Each country has its own unique renewable energy mix and demand pattern. By interconnecting countries, it is possible to maximise the complementarity between production and consumption patterns across countries. Besides, they enable exporting overgeneration from renewables, particularly solar and wind. Regional interconnection within ASEAN has many benefits in achieving a lower-cost power system overall. By allowing for integrated energy supply planning and minimising of duplication of both energy and non-energy service provision, it reduces system costs in all scenarios regardless of ambition level.
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1515 - 1615 hrs
Presented by:
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SESSION 2: SCALING UP INVESTMENTS TO ACCELERATE ENERGY TRANSITION
Funding the energy transition at the pace required to keep the world on a climate-safe pathway will require a substantial increase in investments over their current level, and over the level envisaged in governments' current plans. To enable an energy system aligned with the 1.5°C target, investment in energy transition technologies and related infrastructure will need to rise to over USD 130 trillion by 2050 in the 1.5°C Scenario, complemented by a simultaneous redirection of investment away from fossil fuels. The bulk of investment will need to focus on renewable energy, energy efficiency, electrification and enabling infrastructure.
For Southeast Asia region, in the long term, an average annual investment of USD 210 billion would be needed up to 2050 in the region to achieve the 1.5°C. Renewable power capacity, power grids and infrastructure, and enabling technologies (e.g., storage), will need to see over USD 5 trillion in investment over the period to 2050, making up two-thirds of total energy investment.
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Early Bird Alert: SGD $300 Off Rack Rate!
Complete your registration by 31st August to take advantage of more than 25% discount on rack rates for your attendance at the Singapore-IRENA High-Level Forum!
Seats are limited. Secure yours now to gain first hand insights.
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Get the latest updates on SIEW 2023's programme, speakers and latest information on the SIEW website.
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SIEW 2023 Calendar
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23 October
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24 October
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25 October
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26 October
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27 October
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SIEW 2023 Sponsors
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SIEW is made possible by the support of our sponsors.
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About SIEW
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The Singapore International Energy Week (SIEW) is an official trademarked event by the Energy Market Authority (EMA). It is an annual platform for energy professionals, policymakers and commentators to discuss and share best practices and solutions within the global energy space. The 16 th edition of SIEW will be held from the 23 - 27 October 2023 in Singapore.
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About the Energy Market Authority
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The Energy Market Authority (EMA) is a statutory board under the Singapore Ministry of Trade and Industry. Through our work, we seek to forge a progressive energy landscape for sustained growth. We aim to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore. Visit www.ema.gov.sg for more information.
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