Singapore seeking assistance to transition to a clean energy future
Singapore’s mission to reduce carbon emissions and adopt sustainable energy sources opens up opportunities for Australia’s clean energy experts and suppliers.
A signatory to the 2015 Paris Agreement, Singapore has committed to reducing its carbon emissions by 36% below 2005 levels by 2030. The country is exploring ‘clean’ fuels to enable deep decarbonisation across its energy, industrial and transport sectors.
Singapore is particularly interested in hydrogen as a clean energy source as it can replace liquefied natural gas for fuelling its power plants while eliminating 60% of its emissions.
On 23 April 2019, the Singapore Government issued a tender (“Consultancy Study On Hydrogen Imports And Downstream Applications For Singapore”) calling for a consultancy study on how the country could harness hydrogen as a sustainable source of energy. The tender closes on 4 June 2019.
According to Leonie Muldoon, Austrade’s Senior Trade Commissioner in Singapore, Australia can play a significant role in assisting Singapore to integrate a hydrogen value chain as part of its transition to clean energy.
‘Singapore is calling on experts across the hydrogen supply chain to tender for a feasibility study on hydrogen import options and downstream applications for Singapore,’ says Muldoon.
‘This is a great opportunity for Australian organisations – from commercial enterprises to research institutes and industry bodies – to share their technical and regulatory expertise to help Singapore move towards a low-emissions energy future.’
Australia has recognised the role that clean hydrogen can play in reducing carbon emissions. In August 2018, CSIRO released the National Hydrogen Roadmap, which provides a blueprint for the development of a hydrogen industry in Australia.
The CSIRO report states that policy commitments from countries across Europe and Asia as well as increasing investment from multinational technology manufacturers and energy companies has renewed interest in hydrogen. In addition, the hydrogen value chain is underpinned by mature technologies that are being demonstrated in pilot projects globally.
The report states strategic investments along the value chain from both the private and public sector will help scale Australia’s hydrogen industry. With the global market for hydrogen expected to reach US$155 billion by 2022, the report also recommends leveraging Australia’s natural resources, namely solar, wind, fossil fuels and available land, to establish hydrogen export supply chains.
This article was originally published on Austrade.