APEC has set an aspirational goal of doubling the share of modern renewables in the energy system by 2030. Analysis presented in the 7th Edition Outlook suggests that APEC is not currently on track to achieve this goal and additional efforts are required. This session will begin with an overview of progress made to date followed by a discussion of opportunities to support renewables deployment.

In the 7th Edition of the Outlook, the 2-Degrees Celsius (2DC) scenario presented a pathway for CO2 reductions in APEC’s energy sector. However, this scenario does not achieve net-zero emissions by mid-century in line with Article 4 of the Paris Agreement. This session will consider what efforts are needed to achieve net-zero emissions for the energy sector by mid-century. Focus will be placed on the transportation sector, which is poised to become the largest energy consuming sector in APEC by mid-century according to projections in the 7th Edition of the Outlook.

The APEC region accounts for more than half of global gas consumption. At the same time, APEC economies include three out of the four main natural gas producers (Canada, Russia and the United States), four of the top global natural gas exporters (Australia, Canada, Russia and the United States), and the top three LNG importers (Japan, China, and Korea). The objective of this session is to discuss the opportunities and risks of natural gas production, consumption, and trade in APEC in the context of increasingly integrated global gas markets.

The objective of this session is to gather input for scenario design and modelling approaches as APERC begins work on the next Outlook.

In this final session, the speakers will discuss how to increase the socialization of the Outlook throughout APEC. As a part of this discussion, speakers will comment on possible aspects to examine in the scenarios that are under development for the 8th Edition of the Outlook.