Time 4 Action: Corporate Sourcing

November 26, 2024

 - 

November 28, 2024

Songdo Convensia, Icheon, South Korea

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.

In order 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 session 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.

Programme

25/11/2024: 16:00-20:00

APAC Wind Energy Summit 2024 Opening Reception

 

26/11/2024: 09:00-17:00

APAC Wind Energy Summit 2024 - day 1

The APAC Wind Energy Summit is the Global Wind Energy Council (GWEC)’s flagship conference and exhibition, bringing industry leaders, policymakers, and institutions together to develop innovative and collaborative solutions that address the challenges faced in supply chain and market design in wind energy development.

The 3-day event provides a platform to drive the discussion that will accelerate the growth of wind energy across the region.

At COP28 in Dubai, the world agreed to triple renewable capacity by 2030. Countries around the world are now looking to rapidly expand their renewables deployment.

The APAC Wind Energy Summit plays a crucial role in translating this goal into action, particularly in the APAC region, which holds nearly half (49%) of the world’s 380 GW offshore wind potential.

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Day 1 of the APAC Wind Energy Summit will highlight the primary role of the APAC region in achieving the global goal to triple renewable energy capacity by 2030. High-level government sessions and multi-stakeholder panels with industry leaders will show the action being undertaken across different countries in the region to address current barriers to wind and renewable energy growth, covering financing and bankability, supply chain, ports and infrastructure, planning and grid availability. The day will include the launch of an important report that highlights the opportunities for regional collaboration on the wind energy supply chain, while each session will further focus on where and how regional collaboration could be strengthened to accelerate renewables growth.

26/11/2024: 12:00-14:00

High Level Governmental Roundtable in collaboration with GOWA

 

26/11/2024: 14:00-18:00

Time 4 Action: Corporate Sourcing

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.

In order to urge policymakers to fulfill this commitment, the Global Renewables Alliance (GRA) in partnership with Asia Clean Energy Coalition (ACEC), Sustainable Energy for All (SEforAll), CREF (Corporate Renewable Energy Foundation) and the Climate Group/RE100, will host Time 4 Action: Corporate Sourcing.

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.

APAC Wind Energy Summit Conference Ticket Holders (All Days and 26th November) will have access to this Forum.

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27/11/2024: 09:00-17:00

APAC Wind Energy Summit 2024 - day 2

Day 2 of the APAC Wind Energy Summit will showcase how partnerships and cross-sector strategies that integrate renewable energy with green hydrogen and green industrialisation are driving the deployment of wind energy across the region. The day will open with a focus on how Korea is positioning wind energy to achieve wider energy system and industrial decarbonisation goals, featuring the signing of several MOUs and MOIs that underscore the role of international collaboration in creating a successful wind sector in Korea. This will be followed by government and multi-stakeholder sessions with industry leaders highlighting the opportunities of green hydrogen production, Power-to-X, hybrid projects, 24/7 dispatchable clean power and other game-changers for wind in APAC.

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27/11/2024: 13:00-18:00

APAC Clean Energy Finance Summit

With 19 countries in the Asia-Pacific (APAC) region pledging to support the global goal to triple renewable energy capacity to at least 11,000 GW by 2030, the region stands at a critical juncture in its energy transition.

To achieve the tripling goal and get as close as possible to a 1.5C pathway, annual global investment in renewable energy generation needs to triple from around $486 billion in 2022 to $1.3 trillion by 2030. This would require a substantial increase in both public and private financing, a common approach to address the higher cost of capital in developing economies and interventions across the fiscal, financial, policy and regulatory space to expand the pipeline of bankable, de-risked renewable energy projects.

This half-day finance track, organised by GWEC brings together experts from across the renewable energy finance and project development value chain, as well as export credit agencies, development finance institutions, commercial banks, financial agencies and law firms to create a common perspective on how to increase project investability and achieve ambitious, sustainable financing conditions for renewable energy in the region in this decade.

APAC Wind Energy Summit Conference Ticket Holders (All Days and 27th November) will have access to this Forum.

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27/11/2024: 19:00-22:00

APAC Wind Energy Summit 2024 Gala Dinner

 

28/11/2024: 09:00-12:00

APAC Wind Energy Summit 2024 - day 3

Day 3 of the APAC Wind Energy Summit will underscore the role of wind energy in revitalising local communities through job creation, skilling, community engagement and long-term socioeconomic benefits, ultimately supporting a just energy transition in the region. The final half-day segment of the conference will feature perspectives across government, IGOs, industry, civil society and environmental bodies to discuss the opportunities and guardrails for wind energy’s expansion in APAC to support justice and equity under the global tripling renewables goal by 2030. The day will include the launch of an important workforce outlook for the global wind sector, as well as concrete examples of how stakeholders are investing in and driving a people-centred transition.

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Partners

Contact

Trigya Singh

Senior Coordinator

Gabriele Pelucchi

Policy Assistant