Singapore's Ambitious Low-Carbon Power Expansion and Hydrogen Initiatives
Key Ideas
- Singapore has increased its low-carbon power target to 6GW by 2035, with a focus on importing electricity and reducing carbon emissions from power generation.
- The country has formed partnerships with Indonesia for 2GW of imports and approved projects for 1.4GW of low-carbon electricity, aligning with its Net Zero by 2050 target.
- The Singapore Hydrogen Cooperation Committee is exploring hydrogen's potential role in aviation decarbonisation with collaborations between industry players like Airbus and Changi Airport Group.
- Singapore is investing in a Future Energy Fund with $5bn to support the energy transition and is considering technologies like hydrogen and carbon capture and storage for decarbonisation efforts.
Singapore has set an ambitious target to import around 6 gigawatts (GW) of low-carbon electricity by 2035, an increase of 2 GW from its previous goal. This move is part of the country's efforts to strengthen its low-carbon power infrastructure and reduce carbon emissions, with a particular focus on power generation. The country, aiming for Net Zero by 2050, is actively embracing various technologies like hydrogen and carbon capture and storage (CCS) to accelerate its decarbonisation journey.
The Energy Market Authority (EMA) of Singapore has issued conditional licenses to companies for 2 GW of imports and approved new projects for 1.4 GW of low-carbon electricity, signaling a significant step towards achieving its targets. Additionally, Singapore has established a Future Energy Fund with an initial funding of $5 billion to support investments in the energy transition.
The Singapore Hydrogen Cooperation Committee has been formed to explore the potential of hydrogen fuel in decarbonising the aviation sector. Collaborations between key industry players like Airbus, Changi Airport Group, and the Civil Aviation Authority of Singapore (CAAS) are driving the assessment of hydrogen's role in aviation decarbonisation. The committee is evaluating market demand, supply chains, and infrastructure requirements for hydrogen, with a focus on future applications in large commercial aircraft.
Moreover, Singapore is also making strides in sustainable aviation practices by mandating the use of sustainable aviation fuel (SAF) for departing flights starting in 2026. These initiatives collectively demonstrate Singapore's proactive approach towards sustainable energy, technology innovation, and strategic partnerships to achieve its long-term decarbonisation goals.
Topics
Power
Aviation
Technology
Investment
Energy Transition
Decarbonisation
Sustainable Energy
Power Generation
Partnership
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