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Decarbonising Asia: Energy Transformation

ORGANISER	Energy Market Authority
DATE	25 October 2024
TIME	09:30 - 11:40 hrs
VENUE	Level 4, Orchid Junior Ballrooms
URL

Along with rapid economic development, Asia has become the world's largest emitter of greenhouse gases, accounting for roughly 51% of global carbon emissions. This dependence on fossil fuels, particularly coal, poses environmental challenges for the region and the world. By transitioning towards cleaner energy sources and improving energy efficiency, Asia can decarbonise to safeguard its environment, public health, and long-term economic prosperity.

This roundtable session will convene key stakeholders from across Asia to explore collaborative strategies for accelerating the region's energy transition. The discussion will focus on:

Sharing best practices and successful models for decarbonisation initiatives implemented in various Asian countries.
Identifying key challenges and opportunities specific to the diverse energy needs and resource landscapes across the region.
Fostering regional cooperation in areas like technology transfer, knowledge sharing, and joint research & development for clean energy solutions.
Exploring innovative financing mechanisms and investment models to support the large-scale deployment of renewable energy and energy. efficiency measures.
Addressing the social and economic dimensions of the energy transition, ensuring a just and equitable transition for all communities.

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09:30 – 09:45 hrsOpening Remarks

Jonathan Goh, Director of External Relations, Energy Market Authority (EMA), Singapore
Beni Suryadi, Acting Executive Director, ASEAN Centre for Energy (ACE)
Prof Poh Seng Lee, Executive Director, Energy Studies Institute – NUS

09:45 – 09:55 hrsScene Setting Presentation: Scenarios of Energy Transformation: Case of Southeast Asia

Beni Suryadi, Acting Executive Director, ASEAN Centre for Energy (ACE)
Click here to download the presentation

09:55 – 10:05 hrsScene Setting Presentation: ASEAN Power Grid

Dr Zhong Sheng, Senior Research Fellow, Energy Studies Institute – NUS

Click here to download the presentation

10:05 – 10:50 hrsPanel Discussion I: Charting a Diversified Renewable Energy Path

The panel would discuss the scenarios of energy transformation towards low carbon energy system, focusing on:

The mixture of renewable energy sources and utilization in addressing increasing demand
The importance of grid modernisation and energy storage for higher renewable energy system
100% RE: The potential role of nuclear and emerging fuels (hydrogen, ammonia) in the future energy mix.
Ensuring a just and inclusive transition away from fossil fuels energy system and industries, including job creation.

Panellists:

Francisco Gafaro, Team Lead Power Sector Transformation, Innovation and Technology Centre, International Renewable Energy Agency (IRENA)
Matthew Wittenstein, Section Chief, Energy Connectivity, Energy Division, United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)
Dr Zhong Sheng, Senior Research Fellow, Energy Studies Institute, NUS
Jen Tan, Head of Renewables for Singapore and Indonesia, Sembcorp Industries
Tolga Bayav, Commercial Director for Asia Pacific, Karpowership

Moderator:

Nadhilah Shani, Senior Research Analyst, ASEAN Centre for Energy (ACE)

10:50 – 11:35 hrsPanel Discussion II: Financing the Future: Innovative Solutions for Decarbonisation Investments

The panel would discuss how to provide the huge investment required for energy transformation pathways, focusing on:

The role of public-private partnerships in attracting private sector investment into clean energy projects.
Exploring innovative financing mechanisms like green bonds, carbon pricing schemes, and blended finance models.
De-risking mechanisms for decarbonization projects, especially energy efficiency.
The role of multilateral development banks and international financial institutions in supporting Asia's energy transition.

Panellists:

Kelvin Wong, Global Head of Energy, Renewables and Infrastructure, Institutional Banking Group, DBS Bank
Jennifer Tay, Asia Pacific Infrastructure Leader, PwC
Jie Tang, Practice Manager for Energy and Extractive Global Practice, World Bank Group
Jacqueline Lam, Regional Director, Asia, Sustainable Energy for All (SEforALL)

Moderator: