26 October 2021 |Singapore
Holding the line at 1.5°C means reaching net zero by 2050 and ensuring a rapid decline in emissions beginning now. The International Renewable Energy Agency (IRENA)’s World Energy Transitions Outlook provides the contours of a just and inclusive energy transition pathway and a concise set of actions fully aligned with the findings of the Intergovernmental Panel on Climate Change (IPCC). The IRENA 1.5°C Scenario (1.5-S) describes an energy transition pathway aligned with the 1.5°C climate ambition and limiting global average temperature increase by the end of the present century to 1.5°C. It prioritises readily available technology solutions including all sources of renewable energy, electrification measures and energy efficiency, which can be scaled up at the necessary pace for the 1.5°C goal.
Against this backdrop, IRENA and Singapore co-hosted the High-Level Forum at SIEW, with the theme “Investing in an Inclusive and Just Clean Energy Transition”. The Forum provided a platform for Ministers, CEOs and thought leaders to explore and discuss the need to finance renewable and clean energy projects in order to facilitate the energy transition. The forum focused on these key areas:
More information on the Singapore International Energy Week website.