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Singapore-International Renewable Energy Agency (IRENA) High-Level Forum

ORGANISER	Energy Market Authority, International Renewable Energy Agency, in partnership with Asia Clean Energy Summit
DATE	24 October 2023
CONFERENCE DATE
EXHIBITION DATE
TIME	14:00 – 16:15 hrs (GMT +8)
VENUE	Marina Bay Sands, Singapore In-person only
URL

The global energy transition is off-track, aggravated by the effects of global crises. A successful energy transition demands bold, transformative measures reflecting the urgency of the present situation. Investment and comprehensive policies across the globe and all sectors must grow renewables and instigate the structural changes required for the predominantly renewables-based energy transition.

Although global investment across all energy transition technologies reached a record high of USD 1.3 trillion in 2022, annual investment must more than quadruple to remain on the 1.5^oC pathway. As the region commits to ever more ambitious climate targets, including net zero commitments, planning must begin now in earnest. While the Association of Southeast Asian Nations (ASEAN) has ambitious renewable energy goals in the near-term, the region needs to think and plan for the long-term. It has a unique opportunity to develop a sustainable energy system based on renewable energy resources that can support socioeconomic recovery and development while addressing climate change mitigation and adaptation strategies, and accomplishing energy security, universalisation and affordability goals.

In this regard, there are significant opportunities for the international community to come together to take stock and identify green pathways to strengthen the energy transition towards a net zero world, especially for Southeast Asia region. With the theme “Regional Interconnectivity for Net Zero”, 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.

High level government representatives, financial institutions, development partners and industry leaders from across the region and beyond will come together at this High-Level Forum.

Session

14:00 – 14:10 hrs Welcome Remarks and Opening Address

Gan Kim Yong, Minister for Trade and Industry, Republic of Singapore

Dr Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry, Republic of Singapore

Francesco La Camera, Director-General, International Renewable Energy Agency (IRENA)

14:15 – 15:15 hrs Session 1: Pathways for Regional Interconnectivity

Panellists:

Eric Pang, Director, Electrical and Mechanical Services Department, Hong Kong SAR

Dannif Danusaputro, Chief Executive Officer, PT Pertamina Power Indonesia

Moderator: Laura Ashton, Co-Founder and Chief Executive Officer, Low Carbon Advisors

Transforming energy system comes with its challenges. As a key enabler in our decarbonisation efforts, regional interconnectivity plays a crucial role in meeting the rising energy demand and in improving energy access. It would also enable the sharing of flexible resources and operating reserves where markets and regulations are appropriately set. Strengthening its potential would require 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.

How can increased regional interconnectivity contribute towards the region’s energy security and resiliency.
What are some of the key challenges inhibiting the development of a regional grid system.
How do you envision the future of regional interconnectivity within ASEAN and its role in driving the region’s energy transition goals in the coming years.

15:15 – 16:15 hrs Session 2: Scaling Up Investment to Accelerate Energy Transition

Keynote:

H.E. Saynakhone Inthavong, Vice Minister of Ministry of Natural Resources and Environment, Lao PDR

Panel Presented by:

Panellists:

H.E. Vanessa Interiano, Coordinator for International Energy Affairs and Permanent Representative of El Salvador to IRENA, Republic of El Salvador

Roger Martella, Chief Sustainability Officer, General Electric

Dr Ajay Mathur, Director General, International Solar Alliance

Timothy Histed, Regional Head for Southeast Asia, Multilateral Investment Guarantee Agency (MIGA)

Jeanne Soh, Co-Head, Structured Finance Asia, Sumitomo Mitsui Banking Corporation (SMBC)

Moderator: Lavan Thiru, Executive Director, Infrastructure Asia

Funding the energy transition at the pace required to keep the world on a climate-safe pathway will require a substantial increase in investments. 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, with the bulk of investment focusing on renewable energy, energy efficiency, electrification and infrastructures. This is expected to make up around two-thirds of the total investments and governments and we will need to catalyse more private funds at scale to crowd-in and complement public capital.

How has the investment landscape in the energy transition evolved over the years.
What are some of the key opportunities and/or challenges associated with investments in emerging markets.
What are the global and regional trends/initiatives shaping the future of investments in the energy transition. How can investors and multilateral development banks align with these trends.

Programme is subject to changes.