Singapore Goes Green
by: Singaporean-German Chamber of Industry and Commerce
The global commitment to a profound reduction in CO2 emissions has triggered a worldwide trend towards reducing energy consumption and increasing the use of renewable energies.
The city-state of Singapore has set a target to reduce its CO2 emissions by 36% from 2005 levels by 2030 according to the National Environment Agency 2021. To decrease its carbon footprint, Singapore follows key strategies such as increasing energy efficiency, accelerating deployment of solar panels as well as investing in research on emerging clean energy options.
In the long term, an increasing energy demand of both, households and business customers is expected. One reason is maintaining the prosperity of the society, which stimulates the demand for energy. Moreover, the population density is already 8,201.23 inhabitants per square kilometre, making Singapore one of the most densely populated countries in the world. Nevertheless, the government expects a further increase in the population of now 5.7 million in the future (The Straits Times, 01.02.2021). This increase in population and, in the course of it, the demand for space and buildings are further reasons for a growing comprehensive energy demand.
Solar power has been recognised as the most economically viable option for having a greater proportion of its electricity generation mix from renewable sources.
Singapore’s energy sector has come a long way since its early days. The country is one of the few highly developed economies in the world without own energy resources and is therefore completely dependent on energy imports. Over the past 50 years, Singapore has switched its energy supply from oil to natural gas for cleaner power generation. The government has also invested in solar energy, especially on rooftops and water reservoirs. Solar power has been recognised as the most economically viable option for having a greater proportion of its electricity generation mix from renewable sources. The Minister for Trade and Industry, Mr CHAN Chun Sing, announced during his opening speech of the Singapore International Energy Week 2020 in October that Singapore is determined to overcome its energy challenge. (newsroom 2020, www.mti.gov.sg)
In 2020, the country has reached its solar deployment target of 350 megawatt-peak and has set a new goal of at least 2 gigawatt-peak by 2030. That will be about 10 per cent of Singapore’s peak daily electricity demand today. (newsroom 2019, www.mti.gov.sg) The Solar Energy Research Institute of Singapore (SERIS) expects solar power to contribute 28 per cent of Singapore’s peak power demand during mid-day by 2030, and 43 per cent by 2050.
Singapore aims to overcome its challenges as a space-scarce island and is in the process of finding creative ways using various surfaces available such as rooftops, facades and floating solar on water surfaces for the use of solar panels.
The Singaporean-German Chamber of Industry and Commerce (SGC) is one of the largest national Business Chambers in Singapore with a membership of close to 550 representatives from a variety of industries from Germany and Singapore. The SGC is a valuable and well-established networking platform and well connected with authorities in Singapore and Germany.