Overview
The Singapore International Energy Week (SIEW), organized by the Singapore Energy Market Authority (EMA), is an annual platform for energy professionals, policymakers, and commentators to share best practices and solutions within the global energy space. This year marked the 16th edition of SIEW, which carried the theme “Energy Transition Towards A Net-Zero World”.
The uncertain economic outlook, high energy prices, growing energy demand, and rising emissions continue to pose challenges to global efforts towards a net-zero future. A paradigm shift is needed to sustain the energy transition and galvanize international efforts to respond to the challenges of our time. Our energy systems must continue to evolve and remain adaptable – technological innovation and investments will be crucial to support the development of regional interconnectivity and the electrification of end-users. The infrastructure and resiliency of supply chains must also be strengthened to unlock the full potential of low-carbon alternatives such as hydrogen to manage energy demand in the longer-term.
As a lead up to COP28, SIEW 2023 provided a platform for international energy leaders to discuss pertinent energy transition issues.
Oliver Wyman was proud to be a Singapore-International Energy Agency (IEA) Forum panel sponsor.
Sessions
Singapore-International Energy Agency (IEA) Forum
October 24, 10:35–11:35 SGT
Panel: Opportunities And Challenges for Net Zero In Southeast Asia
Presented by Oliver Wyman
This session discussed the opportunities and challenges for achieving net zero in Southeast Asia. Esteemed speakers dived deep into pertinent topics, including how the green transition will drive economic growth and clean energy jobs, how Southeast Asia can strengthen its energy supply chains to enhance energy security and advance decarbonization efforts, and how we can transform the economy to drive net-zero-aligned investments in clean energy technologies and develop markets for emerging technologies.
Keynote:
- H.E. Arifin Tasrif, ministry of energy and mineral resources, Republic of Indonesia
- YB Tuan Mohd Rafizi bin Ramli, minister of economy, Malaysia
Panelists:
- Moderator: Abhi Bhuchar, head of Energy and Natural Resources, Asia Pacific, Oliver Wyman
- Hon. Reece Whitby MLA, minister for Environment; Climate Action; Racing and Gaming, Western Australia
- H.E. Felix Fuentebella, undersecretary of Energy, Republic of the Philippines
- Ravi Menon, managing director, Monetary Authority of Singapore
- Darmawan Prasodjo, president director, PT Perusahaan Listrik Negara
- Egon van der Hoeven, APAC vice president, Business Development, ExxonMobil Low Carbon Solutions
- Raymond B. Ravelo, first vice president and chief sustainability officer, Meralco
SIEW 2022
The 15th edition of SIEW, themed “A Resilient and Sustainable Energy Future”, reflected how the global energy community has accelerated the pursuit of a greener future. Following the 26th United Nations Climate Change Conference of the Parties (COP26), there was strong momentum for countries to do more to decarbonize their economies and ride the green wave to reduce emissions.
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 utilization, and storage would be needed to support the clean energy transition.
Oliver Wyman was a proud sponsor of the Singapore Energy Summit (SES) panel.
Insights
Takeaways From SIEW 2023: Nicholas Tonkes
Nicholas reveals his observations on the most vital challenges and opportunities in the ongoing global energy transition.
From SIEW 2022: Abhi Bhuchar
Abhi discusses the net-zero transition, and the opportunities and challenges for sustainable financing to accelerate the energy transition in the region.
Meet The Team
