BRUNEI DARUSSALAM | INDONESIA | MALAYSIA | PHILIPPINES
EAST ASEAN GROWTH AREA
CALLING DELEGATES,EXHIBITORS AND SPONSORS
Energy plays a critical role in maintaining a clean environment and a healthy economy. As population growth and developing economies continue to drive global energy needs, it is even more pertinent for stakeholders to focus on creating solutions to support more efficient energy generation and use and increase energy security.
The current global emphasis on climate change and sustainable living has prompted significant moves, both by governments and the private sector to focus on the benefits of green technology.
Brunei Darussalam, Indonesia, Malaysia and the Philippines created the East ASEAN Growth Area to shift economic activities from resource extraction to higher levels of processing and value-added production, focusing on industries that adopt clean and green technologies. Launched In 1994, the BIMP-EAGA initiative boosts growth in trade, investments, and tourism through new intra-region shipping routes and air links as well as power interconnection projects.
As new trends and challenges emerge both regionally and globally, the organization has drawn up a blueprint for keeping itself relevant, going forward. It aspires to become resilient, inclusive, sustainable, and economically competitive.
BIMP-EAGA’s Vision 2025, prepared with support from the Asian Development Bank, provides a way forward for members to continue narrowing development gaps, for sustainably managing natural resources, and for promoting stronger connectivity.
By enhancing connectivity, it will make it easier and faster to travel within and outside BIMP-EAGA, improve the flow of goods and services, create a conducive business climate, and raise the quality of life of local communities, hence, the connectivity pillars on 4 key sectors such as transport, trade and investment facilitation, power and energy infrastructure and information and communication technology (ICT).
The strategy under Vision 2025 for power and energy infrastructure sector are:
* Develop approaches to intensify involvement of local governments, power utilities, and the private sector.
* Provide a conducive environment to encourage energy-related investments by the national government.
* Enhance cooperation and strengthen implementation of renewable energy development and improve energy access in rural areas.
Under the United Nations Framework Convention on Climate Change, also called Paris Climate Agreement or COP21, international treaty, named for the city of Paris, France, in which it was adopted in December 2015, which aimed to reduce the emission of gases that contribute to global warming, world leaders and stakeholders including the BIMP EAGA is broadening cooperation in renewable energy, which can benefit lagging coverage areas and help reduce greenhouse gases at the same time. An example is the Trans-Borneo Power Grid, which enables Sarawak to export excess hydropower to West Kalimantan, resulting in 400,000 tonnes in carbon dioxide emission reduction annually.
BIMP-EAGA is exploring ways to tap into sources of renewable energy, which are attracting more investments as the cost of renewables continue to decline. BIMP-EAGA has abundant energy resources, both conventional such as fossil fuels and renewable and developing these resources is key to securing energy supply for the long term economic growth.
Since the the establishment of BIMP-EAGA in 1994, the subregion’s economy has been expanding with its gross domestic product grew 5.7% in 2017 compared to the previous year. As the subregion continues to develop, hence energy demand is expected to surge. Therefore, in order to support long term economic growth, BIMP-EAGA needs massive infrastructure investments for power generation, transmission, and distribution. However, establishing a fully integrated power grid for the subregion faces several challenges. BIMP-EAGA is made up mostly of archipelagos. There are also differences in the countries’ regulations, technical standards, and market structures and processes. BIMP-EAGA also needs to enhance energy efficiency and conservation at both demand and supply to meet energy security.
With the vision of BIMP-EAGA, amongst other priority sectors, on oil & gas and power and energy infrastructure, it is only fitting for a dedicated platform designed to serve, complement, advance and spearhead further discussions among the 4 countries. Hence the name of this platform is BIMP-EAGA Energy Online Conference and Exhibition (BECE) 2021.
Therefore, this BECE 2021 is created to update industry players and other stakeholders on the challenges facing the oil & gas industry as well as power & energy infrastructure industry and discuss opportunities and solutions; application experiences, to establish business or research relations, to find global partners for future collaboration, energy standards and infrastructure financing as well as education for advancing BIMP-EAGA energy sector.
It is a major initiative that resonates with BIMP-EAGA's strategy on energy sector that simply provides an abundance of opportunities for various stakeholders and industries to be involved in BECE, in a virtual set-up.
This event will also promote interactions between stakeholders, including oil & gas and power and energy infrastructure developers, renewable energy and green technologies developers, government agencies, institutions of higher learnings, NGOs, embassies, Chambers of Commerce and Industries. Such interactions will greatly benefit the people, industry and government in the formulation of policies, guidelines and legislation beneficial to all related parties in the BIMP-EAGA region.
Bridging the Gap
BECE 2021 is a 2 - Day Online Conference that comprise of Organiser's Remark, Welcoming Remark, Inaugural Ministerial Remarks, Keynote Address, various Paper Presentations with respective Session Topics and Closing Remark:
The main objectives of BIMP-EAGA Energy Online Conference and Exhibition (BECE) 2021 are:
To promote and create awareness of the BIMP EAGA cooperation initiative.
To update and encourage investment in the BIMP EAGA region, in the Energy sector.
To connect all the Energy stakeholders in BIMP EAGA region
This will ultimately bridge the gap between the Oil & Gas and Power and Energy Infrastructure sector’s policies of respective regions and its opportunities by delivering a platform that encapsulates all aspects of the said industries.
Together, they combine strategic and technical presentations which drives BECE 2021, focusing on creating an environment that allows government agencies of both local and national levels and private sectors to take an active role in the oil & gas and power and energy infrastructure industry to foster the exchange of ideas, knowledge and expertise, for furthering this energy sector in the BIMP-EAGA region.
In addition, BECE 2021 can provide a more organized and centralized network of opportunities that attracts investors in this sector thus making BIMP-EAGA a noble destination for related energy and green investments.
Offering superior networking, visibility and value, BECE 2021 is important and needed to exploit the large untapped opportunities of this industry in the BIMP-EAGA region, which not only solves current issues on energy and environment, but also serves as a gateway to boost trade, tourism, and investments by easing the movement of people, goods, and services across borders; making the best use of common infrastructure and natural resources; and taking the fullest advantage of economic complementation, thus, generate balanced and inclusive growth as well as contribute to regional economic integration in the ASEAN Economic Community