Highlights from SG-IRENA Forum: Powering Net Zero with Green Finance
Global energy leaders convened at the Singapore-IRENA High-Level Forum to take stock of and identify green financing pathways in realising the full potential of end-use decarbonisation technologies on the road to net zero. Here are the key highlights.
Minister for Manpower and Second Minister for Trade and Industry, Dr Tan See Leng, opened the Singapore-IRENA High-Level Forum with his Welcome Remarks. This shared about the Singapore Government’s support for renewable energy projects. He affirmed the importance of the Singapore-IRENA Forum as a crucial thought leadership platform in the energy sector.
Minister Dr Tan See Leng of @MTI_Sg shares Singapore's acceleration of solar deployment across the island, such as the 4,000 square metres of photovoltaics on the Keppel Infrastructure @ Changi Building. #SGIRENAForum #SIEW2022
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 26, 2022
To conclude, Minister Dr Tan See Leng of @MTI_Sg highlights the #SGIRENAForum as a testament to the strong relationship between Singapore and @IRENA, and as an excellent platform for energy thought leadership in the leadup to #COP27. #SIEW2022
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 26, 2022
Next, Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA), and Christophe Inglin, Vice-Chairman of the Sustainable Energy Association of Singapore (SEAS), gave their Opening Addresses.
@flacamera of @IRENA shared that investment in energy transition should be a no-regret decision at Singapore-@IRENA High Level Forum of #SIEW2022
— Alexis Loy (@Alexisloy28) October 26, 2022
Mr Christophe Inglin of @SEASingapore ended off his note by expressing his hopes that climate issues such as floods and forest fires may become a thing of the past once we've achieved the transition to net zero. #SGIRENAForum #SIEW2022
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 26, 2022
Following the Opening Addresses, Nicholas Wagner, Programme Officer with the International Renewable Energy Agency (IRENA), presented the findings of the 2nd ASEAN RE Outlook Report.
Mr Wagner of @IRENA presented the demand growth and energy mix to 2050 across ASEAN towards greener sources at Singapore-@IRENA High Level Forum of #SIEW2022 pic.twitter.com/j1DrNvhqak
— Alexis Loy (@Alexisloy28) October 26, 2022
Transitioning to 1.5S with a 90% renewable energy scenario is the most economically climate-friendly pathway for ASEAN, says Nicholas Wagner of @IRENA, with the region benefiting from major energy system costs #SGIRENAForum #SIEW2022
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 26, 2022
In the first session on "Scaling Decarbonisation Technologies" presented by Sarawak Energy, panellists discussed how public and private sectors can facilitate and scale the deployment of low-carbon decarbonisation technologies, such as hydrogen and CCUS.
Datu Haji Sharbini Suhaili of Sarawak Energy shared that #solar has a big role to play for #energy transition and are developing floating #solar farms on hydro-dams at Singapore-@IRENA High Level Forum #SIEW2022 🌞🔋💦🌱🌎 pic.twitter.com/7zAtm1gmvQ
— Alexis Loy (@Alexisloy28) October 26, 2022
Regarding the future of interconnectivity in the ASEAN region, Dr Akhomdeth Vongsay, Director General, Department of Planning and Cooperation, Ministry of Energy and Mines, Lao PDR highlights that the national strategies between countries must be aligned. #SGIRENAForum #SIEW2022
— SingaporeInternationalEnergyWeek (@SIEW_sg) October 26, 2022
The second panel discussion, presented by Sumitomo Mitsui Banking Corporation Group, saw speakers address how global business leaders, policymakers, and investors can be leaders in bridging the gaps in green energy financing, so that the energy transition can truly go global.
Mr Lavan Thiru of Infrastructure Asia suggested to accelerate green projects through having project development funds with government collaboration (citing such funds in Indonesia and the Philippines) at SG-@IRENA High Level Forum #SIEW2022 pic.twitter.com/l2VnSegk3x
— Alexis Loy (@Alexisloy28) October 26, 2022
“Just”, “Innovation”, “Collaboration”, “Get-it-done”, “Persistent”, “Connectivity” and “Legacy” are the 1 word summary from the Singapore-IRENA high level forum panel sharing on green financing! 💡💵🌳🌏#SIEW2022 #greenfinance pic.twitter.com/SfG5iQ4vo0
— Jonathan Lee (@Jonleejs) October 26, 2022
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