Date: Wednesday, 23 March 2011
Time: 8:45-1:30
Venue: Asia-Pacific Economic Cooperation (APEC)
Conference Room
35 Heng Mui Keng Terrace
Singapore 119616
Please send us your name, organisation and email address via the ESI website here. For enquiries, please contact Ms. Jan Lui at 65162000.
About the Seminar
Countries, companies and consumers the world over are faced with great challenges with regard to carbon emissions. How to balance sustainability and prosperity? It will be some decades yet before greener forms of energy dominate the global energy mix. In the meantime there is a lot that can be done to better understand the carbon equation. In other words, we need to know far more about the measurement of carbon emissions, how carbon can be captured and how to reconcile with industrial activities which are indispensable to modern living but are heavy emitters of carbon.
The Energy Studies Institute at the National University of Singapore and the High Commission of Canada invite you to a “low-carb” morning, exploring some of the intricacies of carbon measurement and policy, capture and trading.
Seminar Format
8:45-9:00 Registration
9:00-9:05 Welcome Remarks by Dr Elspeth Thomson, Senior Fellow, Energy Studies Institute
9:05-9:40 “Climate Prosperity”, a diagnostic review of Canada's readiness for the carbon economy presented by Mr Gene Sullivan, Head of Utilities and Infrastructure, Asia Pacific, Deloitte and Touche Corporate Finance
Across the globe, societies are seeking suitable ways to address climate change. Policy makers are working hard to do their best for the communities they serve. How well are they doing? What are the yardsticks? The National Round Table on Environment and Economy (NTREE,) an independent commission in Canada, asked these questions.
9:40-10:00 Q & A
10:00-10:20 Refreshments
10:20-10:55 “Carbon Capture and Storage in Canada: Ambitious Targets for Reductions in CO2 Emissions”, presented by Dr Don Lawton, Professor of Geophysics and Chair in Exploration Geophysics in the Department of Geoscience at the University of Calgary
Canada has committed to reducing GHG emissions to 17% below 2005 levels by 2020. Existing measures aim to reduce GHG emissions in 2020 by about 65 Mt/yr, leaving some 180 Mt/yr in emission reductions to be met. In 2008 the government of Alberta committed CDN$2B to accelerate CCS in the Province towards the goal of having four CCS projects operating by 2015, each storing 1 million tons of CO2 per year. By 2020, the target is for 50 million tons of CO2 to be stored annually in geological formations and by 2050, 139 million tons. This presentation will review the current status of CCS projects in Canada and cover the technical challenges and opportunities related to implementation at large scale.
10:55 - 11:15 Q & A
11:15 - 11:50 Alternate Finance for GHG Emission Reducing Projects in Asia” presented by Mr Rahul Kar, Sustainability Advisory, KPMG Services Pte Ltd
The presentation will focus on a “market based mechanism” for raising financing for GHG emission reduction projects. This mechanism is referred to as the Clean Development Mechanism (CDM). The CDM is regulated by the United Nations Framework Convention on Climate Change (UNFCCC) under the Kyoto Protocol. Mr Kar will provide insights into the policy framework, sectors covered, financing instruments and processes involved under the CDM and also highlight the success of CDM in the Southeast Asia Pacific Region.
11:50 - 12:10 Q & A
12:10 - 12:30 Panel Discussion and Q & A
12:30 - 1:30 Lunch
About the speaker
Gene Sullivan is Head of Utilities and Infrastructure Asia Pacific at Deloitte & Touche Corporate Finance and a member of Deloitte's global Climate Change and Sustainability practice. He recently co-authored “Indonesia’s Geothermal Future”. Deloitte provides audit, tax, consulting and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate.
Don Lawton is Professor of Geophysics and Chair in Exploration Geophysics in the Department of Geoscience at the University of Calgary. His areas of expertise include acquisition, processing and interpretation of multi-component seismic data, with applications to carbon capture and storage (CCS) projects in Alberta, including the Pembina-Cardium CO2 Monitoring Pilot, the Wabamun area CO2 Sequestration Project (WASP) and the Heartland Area Redwater Project (HARP). He is Theme Lead in Secure Carbon Storage for Carbon Management Canada, a national Network of Centres of Excellence focused on developing the insights, technologies and highly qualified people necessary to reduce carbon emissions in the upstream fossil fuel industry.
Rahul Kar is the Director of Carbon and Sustainability Advisory in KPMG Services Pte Ltd in Singapore. He has 15 years of professional experience working on climate change and the Clean Development Mechanism (CDM), Environmental Due Diligence, Corporate Sustainability Reporting and Environmental Impact Assessment. He has worked on CDM across various sectors including renewable energy, energy efficiency, power generation, chemicals, iron and steel, other metals and mining, oil and gas, refineries and petro-chemicals, as well as primary aluminium smelting.
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