The first milestone of the ‘Double Down, Triple Up’ campaign was reached at COP28 when world leaders agreed to triple global renewable energy capacity and double energy efficiency by 2030. It’s Time 4 Action. In the second phase of the campaign, we call on governments and policymakers to deliver on their commitment. Leveraging corporate sourcing of clean energy will enhance and expedite the efforts to achieve this target.
To urge policymakers to fulfil this commitment, the Global Renewables Alliance (GRA), in partnership with Asia Clean Energy Coalition (ACEC), SEforAll, CREF, WRI and the Climate Group/RE100, will host Time 4 Action: Corporate Sourcing. A half day forum at the Global Wind Energy Council (GWEC) APAC Wind Energy Summit.
At ‘Time 4 Action: Corporate Sourcing’, high-level decision makers and industry leaders from the APAC region will meet to discuss the urgent need for accelerating renewable energy adoption. The focus will be on addressing challenges and opportunities of corporate clean energy procurement and hourly matching, as well as focusing on the collaboration between governments and corporates to build an equitable market for corporate renewable energy offtake in APAC and worldwide. This event aims to serve as a platform to increase the uptake of renewable power by sending strong demand signals; convene government representatives, corporate offtakers, and global energy leaders to discuss how corporate can accelerate and implement the tripling pledge.
Accelerating the renewable energy transition and decarbonizing the energy sector is key to limiting global warming to 1.5°C. Countries in Asia- Pacific have a big potential to transition towards renewable energy, so it’s critical to create the enabling policy and regulatory frameworks.
The event highlights the status of renewable electricity across Asia-Pacific markets, and the policy frameworks for corporate procurement which can enable rapid scaling up of supply and demand for renewables.
We will address different case studies (developed and developing economies), and how this work can contribute to a just and equitable energy transition in the region.
Overview of dynamics of embracing opportunities in corporate sourcing and the recommendations for the adoption of 24/7 CFE in the Asia-Pacific (APAC).
Market Case Studies for Corporate Sourcing – Japan, Thailand, Malaysia, India etc.
Implementing 24/7 CFE procurement in APAC – procurement tools, technologies and supporting infra, and policy changes/interventions.
A practical guide to how 24/7 CFE can feature in new procurement options.
Given that some of the APAC markets (e.g. Korea, Japan, Malaysia, Taiwan) are in the midst of thinking through new procurement options. This event would be a good reference to influence how 24/7 CFE can feature in new procurement options, exchange best practices for deployment of renewables and identify the key areas of action for achieving the 3XRE Goal in 2024-2030 period.
Discuss approaches that accelerate grid decarbonisation, incentivise the deployment of green tech innovations at a greater scale, and answer the demands raised by a climate-conscious younger generation that expects nothing else than real changes.
This session will focus on the collaboration between governments and corporates to build an equitable market for corporate renewable energy offtake in APAC. Key topics will include simplifying permitting processes and enhancing grid infrastructure to support the tripling of renewable energy capacity (3XRE goal).
This Business to Business (B2B) networking session aims to facilitate matchmaking between international developers and local South Korean energy buyers for joint project development and investment.
