18/03/2019
19:00 - 22:00 Singapore Time
Newcastle Research & Innovation Institute, 80 Jurong East Street 21 #05-04, Devan Nair Institute for Employment and Employability, Singapore 609607
Free
A discussion about the need to start treading a new path towards fundamental national and international energy policy change with Peter Godfrey FEI, Managing Director, Asia Pacific, Energy Institute.
The exploitation and utilisation of the world’s energy resources are fundamental to our global civilisation and to the prosperity of our independent nations within it.
The production, distribution and utilisation of energy are all deeply embedded into the fabric of our economies, the policies that are put in place to manage and control them and are central drivers of international relations both regionally and globally.
Environmental pressures together with unprecedented development of new energy technologies are leading to new realities about how we can produce and utilise energy in more efficient and sustainable ways and this is leading to a need to fundamentally examine the policies and practices of the hydrocarbons’ revolution whose roots were established well over a century ago.
With the above in mind, my presentation is aimed at discussing “what constitutes good energy policy of the future”. It will examine a spectrum of thoughts and ideas from the role of the state and collective responsibility to the changing structure of the energy industry that is already taking place but at a pace that most of us feel is far too slow but clearly constrained by legacy structures and related powerful interests. These interests often actively or inadvertently act against the acceleration of energy innovation.
Energy is a highly capitalised commodity business, with deeply developed supply chains and established customer bases, providing essential services at all levels of society. These features lead to systems with considerable inertia, aversion to risk and focus on safety, extensive regulation, and complex politics. The opportunities that technological innovation processes afford us must find ways to overcome these barriers and policy at both national and international levels must play ever-increasing roles if we are to overcome them.
Within this context, increased transparency lies at the heart of facilitating such change with a view to providing greater alignment between key players, policies and programs. Fortunately, the rapid development of digitalisation, big data analytics and smart systems afford us a growing opportunity to develop the appropriate tools to facilitate this process.
In 2015, the United Nations Organisation General Assembly set the 17 Sustainable development Goals by which all of us should reference our future aspirations. Number 7 of these refers specifically to “energy” by stating that we should “ensure access to AFFORDABLE, RELIABLE and SUSTAINABLE energy for all”.
My presentation hopes to make a small contribution to these laudable aspirations.
If you are interested in attending, please contact Hilde on the details below.
Contact details
Hilde Wesselink : hilde@hildewesselink.com