Energy Solutions in Southeast Asia: The Singapore International Energy Week 2016
By admin October 25, 2016

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The Singapore Energy Week (SIEW) kicked off today at the Marina Bay Sands Convention Centre in Singapore, where energy professionals, policymakers and commentators will discus and share current solutions and best practices within the global energy sector. The Energy Week includes many events and conferences such as the Singapore Energy Summit, the Asia Clean Energy Summit and the Asian Energy Financial and Investment Conference.

Key discussions surrounding energy issues, new energy realities, regional oil and gas outlook, and the need of bridging the energy infrastructure-financing gap, will all be explored with leading experts and business in attendance. The SIEW aims to create the right platform for exchanging opinion and ideas on energy-related issues, while providing networking and deal-making opportunities among the participants as well as giving overseas companies the chance to tap into one of the most developed economies in the world such as Singapore and to meet key players from a dynamic region such as Southeast Asia.

Southeast Asia is exerting an increasingly important influence on world energy trends, according to a special report from the International Energy Agency (IEA). In fact, Southeast Asia’s energy demand has increased by more than 50 percent between 2000 and 2013 and it is expected to grow by 80 percent from 2013 to 2040.

The region is showing political will to implement more secure and sustainable energy policies. Yet solutions vary from country to country due to diversified energy resources and supply and demand that reflect dissimilar economic, political and social realities. As for Singapore, it lacks of natural resources and this indeed creates many challenges for growth. However, the city-state is actively exploring opportunities in promoting sustainable growth for the energy industry. In addition, the oil industry has always been a key integral part of Singapore’s economy and therefore the government is looking to develop innovative solutions to enhancing many of the synergies and activities to meet global energy demand. Indeed, Singapore is nowadays a research hub for clean energy with many organizations such as the Sustainable Energy Association  (SEAS) providing platforms for companies in the renewable energy, energy efficiency as well as for financial institutions to meet and collaborate for a more sustainable approach to their businesses.

Today, at the opening of the Energy Week, Singapore’s Minister of Trade and Industry, S. Iswaran, has outlined the new energy realities facing the global energy landscape, addressing Singapore’s long standing commitments. Mr. Iswaran further announced that Singapore has deepened its collaboration with the International Energy Agency and will partner on two initiatives: a regional training hub to build capabilities in the region, and an annual Singapore-IEA Forum at SIEW that will provide a platform to drive future-oriented energy discussions.

Indeed, events like the Singapore International Energy Week represent a fundamental step torward a more sustainable world. The importance of platforms such as the above is to create a point of discussion on where to begin and how to proceed to achieve a green economy in our lifetimes. In a world continuously threated by global warming and natural disasters, the Singapore Energy Week demonstrates one of the many opportunities to find the correct solutions to address and tackle these issues in the future.

For more information:

Energy for Growth: Singapore Energy Policy Report

Economic Development Board: Industry Background

Singapore Energy Market Authority

Singapore Unveils Measures to Address New Energy Realities

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