More than two-thirds (72%) of respondents from a local energy association believe that Singapore is not making fast enough progress on its net-zero targets.
Members of the Sustainable Energy Association of Singapore (SEAS) feel Singaporeans will be badly affected by climate change (29%) or somewhat affected despite action (55%) in the next 10 years.
SEAS members also believe the three biggest opportunities to advance net zero goals across Asean are greater cross-border collaboration (70%), more definitive policies affecting regions and not just countries (56%) and more investment and availability of finance for green energy projects (55%).
The results, which were released at SEAS’s AGM on May 17, uncover a pressing need to define and discuss opportunities to accelerate impact and mitigate the effects of climate change. SEAS also announced details of the 10th Asia Clean Energy Summit 2023 (ACES), scheduled for October.
Kavita Gandhi, executive director of SEAS, says: “In the lead up to the 10th ACES, we wanted to tap into industry insights with our members who are actively working on-ground to understand their views on Singapore’s net-zero ambitions by 2050 and where the greatest opportunities are. From speaking with them, we realise that the landscape is changing so rapidly that while it might seem that we are on track with the goals, much more needs to be done to meet the targets.”
The 10th anniversary of ACES, which will again be held as part of Singapore International Energy Week, will focus on celebrating progress over the last 10 years and debating opportunities to make a greater impact on climate change in the next decade.
See also: Singapore, Indonesia sign MOU to develop renewable energy for domestic use and export
ACES will be held at Marina Bay Sands from Oct 24 to 26 this year. With the theme of “Clean energy for a clean world”, the event will cover topics surrounding renewable energy strategies including solar and storage, energy efficiency, green hydrogen, electric mobility, decarbonising carbon markets trading and carbon capture, utilisation and storage.
ACES partners include knowledge partner KPMG, associate sponsor DNV and “carbon neutral sponsor” CRX International.
The list of exhibitors currently includes AirCarbon, Babcock & Wilcox, Bird & Bird, ComAp, CRX International, DEIF, Eaton Electric, Eetarp Engineering, Energetix, G8 Energy, Envelon, Hengtong Optic-Electric, KPMG, LYS Energy, REC Solar, TechSource Systems and ZTT.
See also: JPMorgan pursues deals to finance shutdown of coal-fired power
ACES is also co-organised by the Energy Research Institute @NTU (ERI@N) and the Solar Energy Research Institute of Singapore (SERIS), and supported by the Asian Development Bank (ADB), Economic Development Board (EDB), Energy Market Authority (EMA), Enterprise Singapore and Infrastructure Asia.
Launched in 2006, SEAS is a non-government and non-profit business association that represents the interests and provides a common platform for companies in the Sustainable Energy sector to meet, discuss, collaborate and undertake viable projects together.
