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- Ambassador Vinai Thummalapally
Rebounding from the pandemic with 6% real GDP growth, the Asia Pacific region underpinned most of the 2021 global increase in power generation, witnessing one of the region’s strongest annual natural gas demand increases over the last decade. Economic growth impacts both energy demand and energy mix as policies adjust, balancing economic growth, supply security, and sustainability. Asia Pacific faces the net zero test: meeting growing energy demand while lowering emissions to meet the Asian energy transition requirements. Major Asian economies have announced net-zero emission goals for the next 30 to 50 years. Partnerships across domains of energy, technology, and finance will be essential for the energy transition. Which technologies will drive Asia Pacific’s energy mix? Which mature and new technologies will meet net-zero targets, while securing energy demand? How will energy technology partnerships evolve to meet the requirements of the Asia Pacific energy mix? What criteria will the financial sector deploy to fund energy transition in Asia Pacific?