While the nation lacks pure renewable power sources and has restricted land, the finalisation of the Paris Agreement’s headline carbon buying and selling guidelines – also referred to as “Article 6” – has created a possibility for Singapore to help international locations who’ve untapped pure renewable power sources via carbon credit buying and selling.
Ms Fu careworn that collaboration between the general public and non-public sectors inside Singapore is “imperative” in creating and commercialising sustainable options to attain a bigger market.
She added that the Government can also be eager to associate the non-public sector to help pilots for low-carbon applied sciences and consider their potential to scale.
“While the technologies and solutions to decarbonise still remain out of reach, or not yet commercially viable, collaboration within industry, and across industries will provide us with game-changing solutions,” she stated.
Last month, Singapore joined a worldwide initiative which seeks to use a coalition of corporations’ buying energy to create early markets for revolutionary clear applied sciences throughout eight hard-to-abate sectors. This would then function a launchpad for them to attain business scale.
Ms Fu stated she hoped these would open doorways for companies in Singapore to innovate with like-minded companions and unlock entry to low-carbon applied sciences.
Singapore must specialise and build on strengths to accelerate sustainable options: Grace Fu & More Latest News Update
Singapore must specialise and build on strengths to accelerate sustainable options: Grace Fu & More Live News
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Singapore must specialise and build on strengths to accelerate sustainable options: Grace Fu & More News Today
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