Highlights from Singapore Energy Summit: Low Carbon Innovations and Green Financing
In the last two sessions of the Singapore Energy Summit, speakers shared their challenges and perspectives on advancing low carbon solutions and addressed how mobilising greener financing for energy infrastructure can achieve low carbon goals. Here are the highlights.
In the panel discussion, Spotlight on Low Carbon Innovations, speakers explored major challenges inhibiting the meaningful deployment of hydrogen and other low carbon alternatives. They also shared their perspectives on how industry players can work together to advance low carbon solutions.
Ahmad Yuniarto of PT Pertamina Geothermal Energy @pgepertamina cites the previously limited availability of financial support for upstream #geothermal capacity as a contributor to the sluggish uptake of #geothermalenergy. #SIEW2022 #SingaporeEnergySummit
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 25, 2022
With expected government support, Toshiro Kudama, JERA Asia shares that the costs of using #ammonia to produce #hydrogen are expected to go down over time. #SIEW2022 #SingaporeEnergySummit
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 25, 2022
On the topic of cost, Austin Knight, @chevron New Energies emphasises the element of scaling up in order to improve the affordability of #renewableenergy sources such as #hydrogen. #SIEW2022 #SingaporeEnergySummit
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 25, 2022
The final session of the Summit saw panellists share their perspectives on facilitating green financing for energy infrastructure developments, including how these investments would lead to more renewable energy projects and grid renewals, and interconnections in the region.
Also key to #greenfinancing and avoiding greenwashing is a clear taxonomy with regard to carbon dioxide emission reductions, says Dr Uwe Krueger. @Temasek #SIEW2022 #SingaporeEnergySummit
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 25, 2022
Tan Su Shan, @DBSBank, emphasises that there is more than enough capital to support infrastructure investments across the globe, with #sustainable returns the key factor for driving such investments in this region. #SIEW2022 #SingaporeEnergySummit
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 25, 2022
On the need for private-public sector partnerships, Lavan Thiru, Infrastructure Asia, hones in on risk allocation, and how multi-lateral financial institutions can manage the risk-return tradeoff to scale up emerging or nascent technologies. #SIEW2022 #SingaporeEnergySummit
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 25, 2022
Zhang Zhigang, President, Member of the Board, State Grid Corporation of China, ended the Singapore Energy Summit sessions with his Closing Remarks by sharing China’s progress in its energy transition.
China's power system is seeing unprecedented levels of reform, says Zhang Zhigang, President, Member of the Board, State Grid Corporation of China as he lays out four ways in which China is pursuing their energy transition journey. #SIEW2022 #SingaporeEnergySummit
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 25, 2022
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