The current push for stronger climate action, urged by current geopolitical developments impacting energy prices and security, has provided greater impetus for economies and nations to decarbonise their economies more aggressively and urgently, particularly their electricity sector, whilst doing so in a reliable, secure, economic, and sustainable manner.
For countries such as Singapore that lack sufficient native (onshore) sources of renewable/zero-emission generation to fully decarbonise, energy imports though regional electrical interconnections as well as chemical storage transport such as hydrogen & ammonia are the necessary strategic options to be considered.
Jurisdictions such as Australia, parts of Europe, Asia and North America have experienced significant uptake of renewable energy (RE) generation over the past decade, with some regions attaining greater than 50% RE penetration through annualised energy. Such high-renewable jurisdictions therefore serve as valuable real-world RE integration case studies for other countries, in particular learnings around both successes and “lessons learnt” in deploying and integrating renewables from systems, economic, policy & market perspectives. Referencing these case studies can therefore significantly reduce planning and deployment risks as Singapore embarks on its journey towards realising its Net-Zero emissions by 2050 vision.
This roundtable session provides a strategic and holistic exposition of essential consideration of energy imports in meeting Singapore’s decarbonisation ambitions, through a fundamental top-down analysis from a technical, commercial/regulatory/market as well as from an environmental, social, and governance (ESG) and geopolitical perspectives. A diverse panel of local and international subject matter experts will share their perspectives, covering fundamental concepts as well as real-world learnings from high renewable uptake jurisdictions such as Australia and parts of the Americas and Europe. It is hoped that this roundtable will spur brisk conversations and debates amongst SIEW delegates in energy security and decarbonisation, whilst achieving continuing economic growth and national development in the region’s economies.