EXPERT OPINION FROM OUR COMMITTEES
Let ' s Discuss ... Net-Zero in 2021
Contributed by Tim Rockell , Mark Florance and Allard Nooy of the Energy & Utilities Committee
In this article , the Energy & Utilities Committee shares their plans and goals for the year of 2021 .
Connectivity is a key theme for 2021 of the
Energy & Utilities Business Committee . Following a
year packed with sessions covering decarbonisation , circularity and finance of new energy projects we were off to the races early this year with an event in January partnering with the Energy Market Authority ’ s Singapore International Energy Week .
A SIEW Insights webinar co-hosted by the Atlantic Council addressed
Asia ’ s role in the Energy Transition and what is required towards a Low-Carbon future . Allard Nooy , CEO InfraCo Asia and Co-Chair of the E & U Committee , joined a panel discussion with the ASEAN Centre for Energy , the Asian Development Bank with a keynote by H . E . Arifin Tasrif , Minister of Energy and Mineral Resources , Republic of Indonesia . The panel was broadcast as part of the Atlantic Council ’ s Global Energy Forum . BritCham members who registered enjoyed full access to the entire three-day forum which featured HRH The Prince of Wales in discussion on the Sustainable Markets Initiative and the launch of the
Terra Carta – ‘ a charter that puts sustainability at the heart of the private sector .’
Our Energy & Utilities Business Committee strategy for 2021 has three pillars :
1 . |
COP26 - Road to Net-Zero |
2 . |
Energy Systems |
3 . |
Commercial models for scale |
We are committed to the Chamber ’ s activities on
Net-Zero and themes around
Future of Work ,
Future of Trade and Future Cities . On COP26 we will build on the opportunities arising for business set out at our session at SIEW 2020 with a focus on Energy , Transport , Nature-Based Solutions , Adaptation and Resilience whilst bringing it all together with Finance .
Activity for the year will see our second event on
2 nd March on Carbon Capture , Utilisation and Storage . CCUS is a range of technologies widely agreed as essential to allow new energy systems to scale to meet climate goals but is in its infancy in development and has a geographical gap without projects under development in the ASEAN region . The
webinar will feature a technology showcase , costs , financing and regulatory framework requirements .
The more we collaborate , the greater the impact for UK and Singapore businesses and the more we can support their success in spring-boarding into the Asian region .
Our approach this year is not purely on the technological aspects of energy testbeds . A number of energy transition projects e . g . Hydrogen , CCUS , in the UK are seeking to build commercial models that are capable of scaling new energy systems whilst remaining competitive when producing power or products .