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Singapore has been supportive of the global commitment and action to tackle climate change. As a small island country Singapore has pledged to reduce carbon emissions by 16% below business-as-usual (BAU) levels in 2020 if there is a legally-binding global agreement for all countries. Ahead of that, Singapore has embarked on policies and measures to reduce emissions by 7% to 11% below 2020 BAU levels. In support of the COP 21, Singapore has further revised its carbon emissions intensity reduction target to 36% from that of 2005 levels. Jointly organised by the Sustainable Energy Association of Singapore (SEAS) and National Trades Union Congress (NTUC), the programme aims to equip participants with knowledge on the importance and implication of sustainability to protect the environment as well as improve their organisation's performance. KEY TAKEAWAYS:
WHO SHOULD ATTEND? This programme is suitable for mid- to senior-level managers from industries such as Pharmaceutical, Petrochemical, General Manufacturing, Semiconductor, Power Generation, Facilities Management, Shopping malls, Hotels and Hospitals. Click to see detailed programme |
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The PV Asia Financial Summit had a full day programme packed with panels discussing hot topics of the industry: the solar market in Asia, project financing in Asia, innovative financing solutions, and building a quality PV project. In this track which is brought to ACES by VDE Institute, each panel discussion was preceeded by 1 or 2 keynotes which helped give the delegates some context and topical understanding of the panel discussions.
One of the keynote addresses was by Ken Cheung, Partner at Bird & Bird ATMD. He spoke about what green bonds and yieldcos were and their applications. This was followed by the panel on innovative financing solutions for PV, where topics like what are the financial models being used in Asia recently, and how would financing solutions such as green bonds, yieldcos, crowdfunding work for renewable energy. On this particular panel, we had investors, bankers and an insurance provider thus a wide range of views were shared about whether each of them would consider a renewable energy financing solution like crowdfunding. The panel also discussed in greater depth about green bonds and yieldcos, and the conversation flowed easily after the context given by the keynote speaker. How do we ensure that green bonds are really green? How do we get started on crowdfunding?
In the panel about building a quality PV project, the panelists discussed issues they faced when developing renewable energy projects, how to mitigate these issues and what a good project needs. Mark Lees, Regional Business Director, East Asia – Australia Solar Business, Schneider Electric shared that timing and local requirements were two issues he faced. Connecting to the grid means having to meet tight deadlines and very careful project planning is needed. Project developers also need to be aware of the local standards and habits of utility companies. Amiram Roth-Deblon, Regional Director Asia Pacific, juwi Renewable Energies recommends working with a local partner with sufficient manpower, capability and stamina to complete the project. Jules Lee, Marketing Manager, Asia Pacific Ex. China, DuPont Photovoltaic Fluoromaterials said that having good materials is very important and it is worth it to pay more for good materials so that there can be returns of investment in the long run.