Overcoming the Hurdles of a Renewables Revolution

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Overcoming the Hurdles of a Renewables Revolution

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Electricity generation is the single largest source of CO2 emissions today. According to the International Energy Agency, renewables accounted for almost 30% of global electricity output in 2020. But to achieve net zero by 2050, almost 90% of electricity generation must come from renewables.

Deals to phase out coal were signed at COP26; wind and solar costs continue to go down, while natural gas spot prices have more than quadrupled in Europe and Asia. Still, key hurdles for a rapid renewables expansion remain – including energy variability and grid constraints.

How can countries leverage each other and solutions like clean electricity imports to overcome their 'alternative energy-disadvantaged' status? What business models can renewable energy suppliers undertake with upstream and downstream players, and what further support would be required from governments in the lead up to 2050?

Speakers :

Damilola Ogunbiyi

Special Representative of the UN Secretary-General

CEO, Sustainable Energy for All
Russell Tham

Head, Strategic Development & Joint Head, Enterprise Development Group

Temasek
Alfred Wang

Co-founder & CEO

Alpha-ESS
Moderator :

Caroline Chua

Lead Southeast Asia Analyst

BloombergNEF