According to the 7th ASEAN Energy Outlook (AEO7), the total required investment in 2021-2050 is 726 billion US dollars to achieved the regional clean energy target according to the APAEC Targets Scenario (APS). Furthermore, it estimates that the ASEAN transition to carbon neutrality could attract 6.7 trillion US dollars in green finance.
Recognizing the importance of attracting energy investments and sustainable financing, ASEAN prioritizes key areas to strengthen regional energy investments and financing capabilities. Under the APAEC Phase II mandate, action plans include increasing financial investments in the power grid and enhancing regulatory environments to attract investment in energy infrastructure and technologies. To forge a sustainable and prosperous energy future, ASEAN seeks to leverage private and international investments while encouraging financial innovations and maintaining a steadfast focus on renewable energy adoption.
Against this backdrop and in line with Singapore International Energy Week (SIEW) 2023’s theme, “Energy Transition Towards a Net Zero World”, the ASEAN Climate Change and Energy Project (ACCEPT) of the ASEAN Centre for Energy and researchers from the National University of Singapore-Energy Studies Institute’s-(ESI) will organise a roundtable that assesses the current and future energy investment landscape to support ASEAN Decarbonisation Roadmap towards Carbon Neutrality and finding the solution to bridge the gap between the current trajectory and the targets, identifying innovative financial sources, setting budget allocation, and building strong collaboration between public with the private sector and international fundings.
Mark your calendars!
Marina Bay Sands, Singapore