Page 4110 - Week 12 - Thursday, 1 December 2022
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On the morning of the final day of the delegation, I visited the ACT delegation conference booth at the Asian Clean Energy Summit. The delegates spent most of their time at the booth when not participating in other delegation events. I have had feedback from the delegates that this was of significant value and facilitated the making of connections with the summit attendees beyond the ACT delegation networking opportunities.
Following this meeting, I met with Mr Ngiam Shih Chun, CEO of the Singapore Energy Market Authority. The Energy Market Authority’s responsibilities include ensuring a reliable and secure energy supply, promoting effective competition in the energy market and developing a dynamic energy sector in Singapore. This was a productive and timely discussion, with a focus on energy demand management and implications for the grids of electric vehicle uptake, and well reflects the ACT’s own transition challenges and the significant change underway in the National Electricity Market here in Australia.
The delegation completed a site visit to the Energy Research Institute at the Nanyang Technological University. We were fortunate to tour the EcoLabs Centre of Innovation for Energy and gained an overview of the research underway at the institute. We were greeted by the Senior Vice President for Research and the management team at the institute. The tour concluded with a discussion on collaboration opportunities, which I understand was particularly valuable to our ANU delegate representatives.
In the afternoon I met with Dr Amy Khor, who is the Senior Minister of State for Environmental and Water Resources and Health of the Republic of Singapore. In this meeting I reiterated the already established strong working relationship in the areas of climate change, the environment, trade and tourism between our jurisdictions. We also discussed how reducing emissions is only half of the story, and that we need to be prepared for climate impacts already locked into our climate system by building the resilience and adaptive capacity of our city and region.
The discussion was productive and was in the context of the landmark bilateral Singapore-Australia Green Economy Agreement, signed the previous week with the commonwealth government. This will support Australian businesses to seize economic opportunities presented by the global clean energy transformation.
The delegation concluded with my meeting with representatives from Temasek, the global investment company. Temasek has significant assets under management and, as a long-term investor, has a strong interest in the sustainability and resilience of its portfolio.
In closing, I am pleased that Canberra was part of this regional energy transition dialogue in Singapore with many government and business leaders in Singapore and our region. Through the ACT delegation activities, we have shared the lessons learned in our own journey of energy transition and have heard from others looking at decarbonisation challenges in their perspectives.
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