As we navigate towards a cleaner energy future, emerging low-carbon technologies are in our sight as well. Hydrogen, for example, shows potential in decarbonising our power sector as it does not emit carbon dioxide when used as a fuel for power generation.
Unveiled at the Singapore International Energy Week in 2022, our national hydrogen strategy outlines the path forward in harnessing this potential. Geothermal energy has also emerged as another renewable source of interest. If proven to be viable, it could play a part in diversifying and decarbonising Singapore’s energy system.
As our population and economy continue to grow, so does our demand for energy. But it cannot be a matter of simply getting more supply to meet demand. In fact, we have to manage how we use energy more efficiently such as through demand-side management initiatives. EMA launched a regulatory sandbox in 2022 to promote energy demand management. Through the Demand Response Programme for example, participating businesses do their part to manage or shift their energy consumption to off-peak periods when activated and receive payments in return as a form of incentive. This helps to avoid straining the power system in meeting peak demand.
Exciting times are ahead of us as we transition towards a clean energy future for Singapore. With each passing anniversary, we look forward to celebrating more milestones as we push on to power Singapore with greener energy sources.
Find out more about our energy transition efforts here.