Deputy Prime Minister and Minister for Finance
Republic of Singapore
Deputy Prime Minister and Minister for Finance, Lawrence Wong, will deliver the Singapore Energy Lecture at the 15th Singapore International Energy Week.
The minister’s address will be centred on the SIEW 2022 theme “A Resilient and Sustainable Energy Future”
SIEW 2022 - A Resilient and Sustainable Energy Future
The global energy community has accelerated the pursuit of a greener future. Post COP26, there is strong momentum for countries to do more to decarbonise their economies and ride the green wave to reduce emissions. Recent events have also shown how sensitive energy markets are to geopolitical events, pushing energy security to the forefront of global agenda. Our energy systems must continue to evolve and be resilient to these developments. Asia, which accounts for almost half of the global energy demand, faces urgency to accelerate the deployment of renewables, fortify grid infrastructure, strengthen supply chain resilience of key fuels and develop regional interconnections to enhance security while keeping electricity accessible and affordable. Massive investments into regional grid connections, green infrastructure, electrification, green financing, technologies and supply chains for hydrogen and carbon capture utilisation, and storage would be needed to support the clean energy transition.
Against this backdrop, the 15th SIEW will bring together global energy stakeholders to address the theme “A Resilient and Sustainable Energy Future”. How do we ensure secure, diverse and resilient energy supply even as the world undergoes an energy transition? How can governments and industry work together to catalyse regional grid development and global supply chains for hydrogen and carbon capture, utilisation and storage? How can we advance the development of renewable energy solutions such as solar, wind, hydropower, geothermal and nuclear? How can we create an enabling environment to enhance innovation, research & development, and global collaboration in the energy transition? What are the opportunities and challenges as the region scales up investments for a green economy, and what roles can investors and financiers play?