The goal of Singapore’s power sector to achieve net-zero emissions by 2050 is feasible but the entire energy value chain would need to undergo transformational changes, according to energy experts.
In the report, the Energy 2050 Committee, commissioned by the Energy Market Authority (EMA) and composed of experts from the private and public sector, said the country’s power sector would have to step up its decarbonisation efforts across its entire power sector value chain, whilst balancing the trade-offs to achieve its net-zero goals by 2050.
“It is technically viable for the Singapore power sector to achieve net-zero emissions, whilst maintaining energy security and affordability. The Committee also believes that it is realistic for the sector to aspire to do so by 2050,” the report read.
This story is from the Issue 100 edition of Singapore Business Review.
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This story is from the Issue 100 edition of Singapore Business Review.
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