CanCham G20 Event: Energy Transition
CanCham in partnership with the High Commission of Canada in Singapore, AustCham Singapore, Embassy of Brazil in Singapore, British Chamber of Commerce Singapore, British High Commission Singapore and the Latin American Chamber of Commerce, Singapore, hosted its third G20 event on Energy Transition. The event featured a fantastic group of panelists including Ms. Angela Robinson, Acting High Commissioner of Australia, Ms. Grace Tanno, Deputy Head of Mission, Embassy of Brazil in Singapore, H.E. Jean-Dominique Ieraci, High Commissioner of Canada to Singapore, H.E. Kara Owen CVO, British High Commissioner to the Republic of Singapore, and Mr. Tim Rockell, Managing Director, Energy Strat Asia Pte. Ltd. Singapore & Chair, Energy Utilities Committee, BritCham Singapore, as our fabulous moderator.
By working together and sharing our expertise, we can accelerate the transition to a decarbonized future. It was repeated more than once that “All players need to be on the pitch”, to make an impact, which can be achieved through advanced technology, solid policies, and regulations. Australia and Singapore share a Green Economy Agreement that is the first of its kind and are working hard on decarbonization. Her Excellency Owen was spot on when she said that the best part of the G20 is that it is a grouping where you bring developed and developing countries together and are forced to take into account the various country perspectives.
Canada, an energy powerhouse, is committed to cutting greenhouse gases by 20-30% by 2030 and reaching net zero by 2050. The Powering Past Coal Alliance, which includes Canada and Singapore, aims to phase out coal in developed countries by 2030 and in developing countries by 2040.
There is a growing consensus that governments must accelerate the energy transition process, given the urgency of the situation. Additionally, we need to develop reliable methods for measuring progress in this area
CanCham and its partners thank the panelists, moderator, and guests for participating in this important discussion and taking a step towards a more sustainable future.