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Project Title

Promoting Decarbonization of Power Sector by Using Carbon-Free Energy (CFE)

Project Year

2023

Project Number

EWG_210_2023A

Project Session

Session 2

Project Type

Standard

Project Status

Completed Project
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Project No.

EWG_210_2023A

Project Title

*
Promoting Decarbonization of Power Sector by Using Carbon-Free Energy (CFE)

Project Status

Completed Project

Fund Account

*
APEC Support Fund

Sub-fund

ASF: Energy Efficiency, Low Carbon and Energy Resiliency Measures (EELCER)

Project Year

2023

Project Session

*
Session 2

APEC Funding

99,904

Co-funding Amount

100,000

Total Project Value

199,904

Sponsoring Forum

*
Energy Working Group (EWG)

Topics

Energy

Committee

SOM Steering Committee on Economic and Technical Cooperation (SCE)

Other Fora Involved

Other Non-APEC Stakeholders Involved

 

Proposing Economy(ies)

Korea

Co-Sponsoring Economies

Chile; Japan; Singapore; Thailand; United States; Viet Nam

Expected Start Date

01/04/2024

Expected Completion Date

30/06/2025

Project Proponent Name 1

Sooin Kim

Job Title 1

PO

Organization 1

Korea Energy Economics Institute

Telephone 1

+82-52-714-2108

Email 1

sooinkim@keei.re.kr

Project Proponent Name 2

Jin Seok KANG / Wongtae CHUNG

Job Title 2

Deputy Director / Senior Research Fellow

Organization 2

Ministry of Trade, Industry and Energy / Korea Energy Economics Institute

Telephone 2

+82-44-203-5131 / +82-52-714-2247

Email 2

ask2134@korea.kr / woongtae@keei.re.kr

Declaration

Sooin Kim

Project Summary

APEC is committed to achieving its renewable energy and carbon intensity goals, aiming to contribute to global carbon neutrality. With the expected attainment of APEC's energy goals, discussions are underway regarding the establishment of decarbonization targets in the power sector as part of the new energy goals. Some member economies are seeking to introduce and utilize various carbon-free energy technologies, including renewable, nuclear, hydrogen/ ammonia, carbon capture and storage and energy storage system, in order to fulfill these future goals. A Conference will be held in 2025 and the Project Summary Report will be published. The Conference aim to enhance knowledge and expertise of policymakers and private stakeholders.

Relevance

Region

According to the APERC’s ‘APEC Energy Demand and Supply Outlook 8th edition’, power generation from clean energy sources accounted for 35% in APEC region in 2020. In this Project Proposal, we would like to define that "carbon-free energy" includes renewable energy sources (solar, wind, power, geothermal, etc), nulcear, SMR, hydrogen and ammonia co-firing, and abated fossil fuel sources. Since the APEC region still heavily relies on electricity from fossil fuel, the expansion of clean energy power sources is crucial for achieving carbon neutrality within the APEC region by the second half of this century. 

Moreover, it is necessary to respond to the increase in energy demand according to the economic growth in the APEC region. Given the increasing energy demand, the power generation must be expanded, and it is necessary to meet this demand by utilizing various energy sources. In that context, renewable energy is considered as an alternative to meet the increasing energy demand. However, simply expanding renewable energy sources may not be sufficient. Some APEC economies still rely on fossil fuels, and these energy sources require technological improvements to provide stable and reliable contributions to power generation while mitigating GHG emissions. In that context, nuclear, hydrogen/ammonia, CCS and energy storage system (ESS) technology has been developed and can help effectively mitigate GHG emissions.

Especially, nuclear power can supply large amounts of electricity and is a clean energy.

This project aims to hold one Seminar and one Conference in Korea in 2024 and 2025 respectively that helps APEC, non-APEC economies and stakeholders to share about the experiences and good practices to explore optimal strategies for the introduction and utilization of carbon-free energy in power sector that align with the conditions of individual economies and the APEC region.

Eligibility and Fund Priorities

This project is eligible for Energy Efficiency, Low Carbon and Energy Resiliency Measures Sub-fund since Category 2 projects are defined as all other energy efficiency, energy access and low carbon measures projects, including renewable energy projects.

Capacity Building
Through workshops and reports, the project will offer capacity-building opportunities for APEC member economies, promoting and facilitating the rapid deployment and scaling up of Carbon-Free Energy (CFE) technologies. This will be achieved through knowledge dissemination, the sharing of best practices, and the proposal of policy development and innovative strategies for policymakers and private stakeholders in the power sector of APEC member economies, aligning with the objective of achieving carbon neutrality.

Objectives

The objective of this project is promoting decarbonization in the power sector by expanding carbon neutral and carbon-free energy technologies in voluntarily engaged APEC economies. In particular, this project emphasizes the importance of securing carbon-free energy such as nuclear, hydrogen/ammonia and CCS as well as renewable energy.

Through this project, policy makers and private sectors’ stakeholders will be made aware of the significance of securing carbon-free energy sources tailored to each economies’ circumstances. Additionally, there will be sharing of relevant policies, domestic plans and best practices.

Alignment

APEC

In 2011, APEC Leaders set a target to reduce energy intensity by at least 45% by 2035 and doubled renewable energy in the regional energy mix by 2030. 

In the 2021 APEC Economic Leaders acknowledged that “APEC has made some progress in strengthening the region’s capacity to adopt renewable energy and other environmentally sound technologies, as part of sustainable energy transitions that reduce our dependence on fossil fuels”. 

In 2022, APEC Ministers recognised “more intensive efforts are needed to address today’s challenges, including climate change, extreme weather and natural disasters, food security, and sustainable energy transitions that reduce greenhouse gas emissions,”. 

In 2023, nearly all APEC economies support a new collective aspirational goal for the power sector, aiming for approximately 70% of electricity to be generated by carbon-free and carbon-neutral sources in the APEC region by 2035. This goal is in line with the diverse circumstances of each economy, including their existing targets or policy measures. 

The project aims to strengthen the collective efforts to mitigate GHG emissions by utilizing low emissions or zero emissions technology such as renewable, nuclear, hydrogen/ammonia, CCS and ESS. Each economy can find the optimal way to introduce and utilize carbon-free energy that meets the conditions within the APEC region.

Forum

The EWG’s work for 2023 include (1) promoting sustainable growth across sectors and the development of cost effective low and zero emissions technologies, (2) seeking to deliver existing Leaders’ commitments on energy issues: particularly to accelerate energy mix, including in power generation, from 2010 levels to by 2030; and to deliver a plan to reduce aggregate energy intensity by 45%, from 2005 levels, by 2035. And EWG’s discussions on decarbonization goal in the power sector is underway, with the increasing need for setting the APEC’s new energy goals. To support this work plan and contribute the new potential energy goals, this project aims to explore the optimal low or zero emission power mix.

In this context, this project is related to Clean Fossil Energy (EGCFE) and New and Renewable Energy Technologies(EGNRET) expert groups.

Beneficiaries and Outputs

Outputs

1) On-Site Conference

1) The two-day conference will be held in Busan, 4~5 September, 2024.

a) Topic: "APEC's Green Future: Overcoming Constraints, Prioritizing Technologies, and Enhancing Collaboration for Utilizing Carbon-Free Energy(CFE)"

b) Objective: providing effective solutions and strategies for overcoming barriers hindering utilization of CFE, assessing the feasibility of prioritizing specific CFE technologies considering economy's resources and others.

c) Speakers: Government officials and experts who can discuss policy challenges and propose solutions for CFE adoption, Industry leaders or stakeholders who can share their experiences and strategies for addressing CFE adoption challenges.

d) Participants: Selected experts, Government officials, Researchers from APEC economies

e) Tentative agenda includes:

- Identifying the constraints and proposing solutions for the introduction and utilization of carbon-free energy technologies.

- Assessing the feasibility of prioritizing specific carbon-free energy technologies within the APEC region.

- Reviewing global initiatives and activities promoting carbon-free energy technologies.

- Discussing successful cases and achievements in establishing legal frameworks and systems for the introduction and utilization of carbon-free energy technologies.

- Exploring strategies for expanding APEC’s efforts in promoting carbon-free energy technologies.

f) Open discussion on the dissemination and application of Carbon-Free Energy technologies related achievements, challenges and policy recommendations.

g) Wrap-up session to summarise the key discussions and recommendations. 

2) A one-day site-visit (8 hours with a wrap-up) will be held in Changwon, 6 September, 2024. Doosan Enerbility's Changwon Plant has large-scale nuclear power and wind power facilities. This site-visit is scheduled to be accompanied by a guide, enabling participants to directly observe the empirical technologies related to carbon-free energy technologies discussed during the Conference. Through such experiences, participants are expected to enhance their understanding of these technologies. This increased understanding will facilitate the spread of carbon-free energy technologies among policymakers and the private sector in APEC region. 

3) Pre-event Research

- To identify the main agenda and appropriate discussion topics, pre-event research will be conducted through expert consultation and online surveys. PO will develop the agendas through both online survey and desk research.

4) Post-event Survey

- A post-event survey will be conducted to evaluate and assess impacts of the project from participants after the Conference has concluded.

2) Project Summary Report

The objectives of Project Summary Report is capturing the key discussions, insights and outcomes of the Conference. The report will include information about the Conference, a summary of speeches and discussions, major findings, and takeaway including recommendations resulted from the Research and the Conference regarding the use of carbon-free energy.

It aimed to write a minimum 30-page report excluding Annexes. This report targets stakeholders from the private sector and policymakers for the dissemination and adoption of Carbon-Free Energy technologies and institutional frameworks. It will be an APEC publication.

Outcomes

1) Built participants' capacity in developing policy/regulatory framework for introduction and utilisation of CFE technologies.

2) Strengthened regional and global collaboration which drives the transition to CFE for sustainable development in the APEC region.
 
After the event concludes, a post-event survey will be conducted using online survey forms to assess the impact of the event from the participants.

Beneficiaries
Each economies’ policy makers, private enterprises and other stakeholders will enhance their knowledge on promoting carbon-free energy technologies and related policies.

Through the sharing of relevant information, policies and best cases, economies will be able to explore their domestic energy mix that is suitable for each economies’ specific situations. 

Policy makers will be able to assess the feasibility of prioritizing specific carbon-free energy technologies, taking into account domestic circumstances and expected benefits. Also, they can gain valuable insights into global progress in carbon-free energy technologies and align their domestic decarbonization vision and plans with global/APEC best practices. 

Private stakeholders will be able to support enabling strategically plan investments, partnerships, and technology adoption. And also, they can gain valuable insights into global and APEC-level projects, including commercialization timelines of CFE technologies. 

Regarding the secondary beneficiaries, through this Conference, researchers can gain insights into the latest technology trends and new research topics. This can foster academic knowledge and innovative ideas, enhancing the quality of research.

Dissemination

Electronic copies of presentations and other materials of the Conference will be circulated to speakers and participants prior to the event. The Summary Report will be published on the APEC website as an APEC publication and shared with APEC. The targeted audiences are the stakeholders from private sector, policymakers and researchers.

Gender

Please see Project Proposal in Support Documents folder.

Work Plan

Please see Project Proposal in Support Documents folder.

Risks

Please see Project Proposal in Support Documents folder.

Monitoring and Evaluation

Please see Project Proposal in Support Documents folder.

Linkages

During the project duration, Korea will host the Conference for experts in relevant fields, including APERC, APSEC members, researchers, experts, and academia. This will enable the sharing diverse experiences and feedbacks among APEC and non-APEC stakeholders, allowing access to various approaches for decarbonization in the power sector. It is expected that various opinions and perspectives will be gathered from research, working and policy decision level.

Sustainability

The Conference materials will be made available for participants, economies, stakeholders, and beneficiaries to access after the project’s completion. These resources will be provided as handout documents and will also be accessible online at no cost.

Moreover, the information and experiences gathered from the Conference will contribute to enhancing the capacity of developing economies to promote Carbon-Free Energy (CFE) technologies in the Power Sector. 

The Conference will include insights into the status of CFE technology deployment, as shared by experts from both the public and private sectors. It will also encompass institutional and policy best practices for expanding CFE in the APEC economies. These outputs will be shared with all participants after the event concludes. In the public sector, they could serve as an opportunity for government-level policy interventions, while in the private sector, they may be leveraged as business opportunities for various carbon-free and carbon-neutral energy deployments. 

We anticipate that the expert network established through this project will be a valuable resource in the future, facilitating collaboration based on a shared understanding of domestic policies among member economies. 

The lessons and experiences gained from this project are expected to positively impact the promotion of Carbon-Free Energy utilization in the APEC region. We will evaluate participants’ understanding and the impacts of the project through a post-event survey conducted after the Conference. The outcomes and recommendations from these evaluations may serve as input for follow-up projects and studies within the EWG.

Direct Labour

 

Are there any supporting document attached?

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Project No.
Project Title
Project Status
Fund Account
Sub-fund
Project Year
Project Session
APEC Funding
Co-funding Amount
Total Project Value
Sponsoring Forum
Topics
Committee
Other Fora Involved
Other Non-APEC Stakeholders Involved
Proposing Economy(ies)
Co-Sponsoring Economies
Expected Start Date
Expected Completion Date
Project Proponent Name 1
Job Title 1
Organization 1
Telephone 1
Email 1
Project Proponent Name 2
Job Title 2
Organization 2
Telephone 2
Email 2
Declaration
Project Summary
Relevance
Objectives
Alignment
Beneficiaries and Outputs
Dissemination
Gender
Work Plan
Risks
Monitoring and Evaluation
Linkages
Sustainability
Direct Labour
Are there any supporting document attached?
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Project Number
Previous Fora
Secretariat Comments
Reprogramming Notes
Consolidated QAF
Endorsement By Fora
PD Sign Off
Batch
Forum Priority
Committee Ranking Category
Committee Priority
PDM Priority
Priority Within Funding Category
Monitoring Report Received
Completion Report Received
PMU Field 1
PMU Field 2
PMU Field 3
On Behalf Of
Proposal Status
Originating Sub-Forum
Approval Status
Attachments
Content Type: Standard Proposal
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