Energy Market Authority
Summary
The Energy 2050 Committee was commissioned by the EMA to guide the planning of Singapore’s future energy system. The Committee, comprising experts from the private and public sectors, released a report with its findings and recommendations on how Singapore can decarbonise the power sector and capture the economic opportunities arising from the energy transition.
The report concluded that it is realistic for Singapore’s power sector to aspire to achieve net-zero emissions by 2050. The Committee acknowledged that the energy transition will be challenging due to uncertainties such as geopolitical trends and technological advancements. This report includes scenarios to describe several possible futures through which Singapore could achieve net-zero emissions by 2050, depending on how the uncertainties unfold. It also includes signposts that provide indications of macro energy trends that can be used to guide Singapore’s decision-making process along the way. Finally, the Committee recommends strategies that Singapore should implement and explore, to maximise the power sector’s chances of achieving net-zero emissions by 2050.
Continue Reading
#News
#Singapore#DistrictCooling