Release of the APEC Energy Demand and Supply Outlook, 7th Edition
Seminar/Forum
Theatre A1 (Room 107)
Old Engineering A1 Theatre
, invite you to a seminar on the findings of the 7th edition of the APEC Energy Demand and Supply Outlook. The APEC region represents nearly 60% of the world’s primary energy supply and will play an integral role in determining the future of the global energy sector. The event provides an overview of the key findings and projections from the report for the APEC region, major energy using economies (including some of Australia’s major trade partners such as China, Indonesia, Japan, Korea and the US), and Australia’s domestic energy outlook. It also presents crossborder electricity trade opportunities and highlights some challenges, based on a quantitative analysis of ASEAN Power Grid.
The Outlook features three scenarios:
• The BAU Scenario that reflects current policies and trends.
• The Target (TGT) Scenario explores the impacts of the shared APEC goals to reduce energy intensity and increase the share of renewables.
• The 2Degrees Celsius (2DC) Scenario follows the carbon emissions reduction pathway in the IEA’s Energy Technology Perspectives publication which provides a 50% chance of limiting average global temperature increases to 2°C.
The report:
• Describes the APEC energy outlook to 2050.
• Identifies major challenges and opportunities facing the region’s energy sector and discusses the role of APEC cooperation and trade.
• Assesses the impact of current trends and policies as well as the implications of the alternative scenarios on the region’s fuel mix, investment requirements, trade patterns and CO2 emissions.
• Includes detailed forecasts of energy production, supply and demand for each of the 21 APEC member economies.
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The University of Melbourne and the Asia Pacific Energy Research Centre (APERC), invite you to a seminar on the findings of the 7th edition of the APEC Energy Demand and Supply Outlook. The APEC region represents nearly 60% of the world’s primary energy supply and will play an integral role in determining the future of the global energy sector. The event provides an overview of the key findings and projections from the report for the APEC region, major energy using economies (including some of Australia’s major trade partners such as China, Indonesia, Japan, Korea and the US), and Australia’s domestic energy outlook. It also presents cross-border electricity trade opportunities and highlights some challenges, based on a quantitative analysis of ASEAN Power Grid.
The Outlook features three scenarios: • The BAU Scenario that reflects current policies and trends. • The Target (TGT) Scenario explores the impacts of the shared APEC goals to reduce energy intensity and increase the share of renewables. • The 2-Degrees Celsius (2DC) Scenario follows the carbon emissions reduction pathway in the IEA’s Energy Technology Perspectives publication which provides a 50% chance of limiting average global temperature increases to 2°C.
The report: • Describes the APEC energy outlook to 2050. • Identifies major challenges and opportunities facing the region’s energy sector and discusses the role of APEC cooperation and trade. • Assesses the impact of current trends and policies as well as the implications of the alternative scenarios on the region’s fuel mix, investment requirements, trade patterns and CO2 emissions. • Includes detailed forecasts of energy production, supply and demand for each of the 21 APEC member economies.
Presenters
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Mr Tom Willock, EconomistMr Tom Willock
Economist
Department of Environment and Energy
Tom Willcock joined APERC in 2017, and is responsible for Volume II of the Outlook as well as authoring the Australia and Target chapters. He also focuses on energy efficiency issues and is in charge of APERC’s integration, residential buildings and macroeconomic models. Tom previously worked on energy economics and statistics in the Australian government. In September 2020, Tom returned to Australia as an Economist with the Department of the Environment and Energy
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Dr Gigih Atmo, Senior Visiting ResearcherDr Gigih Atmo
Senior Visiting Researcher
APERC
Dr. Gigih Atmo joined APERC in 2017 as Senior Visiting Researcher on a secondment from the Ministry of Energy and Mineral Resources of Indonesia. He is responsible for APEC electricity supply projection and APEC twodegree scenario chapters in Volume I of the Outlook as well as authoring the Indonesia chapter in Volume II. Gigih also studies crossborder electricity trade in ASEAN. He develops business models for private investment in renewable energy and carbon capture and storage projects. Gigih received Ph.D. from the University of Melbourne, Australia in 2016 with a dissertation on project financing for power generation projects in Asia.
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Mr James M. Kendell, Vice President, Asia Pacific Energy Research CentreMr James M. Kendell
Vice President, Asia Pacific Energy Research Centre
APERC
James M. Kendell has been Vice President of the Asia Pacific Energy Research Centre (APERC) since March 2016. He oversees development of the APEC Energy Demand and Supply Outlook and manages studies of energy production and consumption in the Asia Pacific region. He was formerly Director of the Office of Oil, Gas, and Coal Supply Statistics at the U.S. Energy Information Administration (EIA), where he was in charge of expanding U.S. oil & gas production data collection and the weekly natural gas storage report.