My secondment to the International Energy Agency (IEA) in 2017 certainly stands out to me. It was an eye-opening experience to learn from many global experts and to be able to demonstrate that Singapore has valuable contributions to global discussions.

Another important milestone was the announcement of the Singapore Energy Story in 2019 and the Four Switches we are harnessing to decarbonise the energy sector. The announcement marked the culmination of over a year's work and served as the foundation for developing our subsequent strategies for the energy sector.

In developing the various energy transition pathways, we first conducted multiple workshops involving experts from industry, academia and government to understand the underlying trends driving electricity demand, supply and power grids. We explored emerging technologies such as advanced geothermal energy and smart grids, and demand growth trends in sectors such as transport.

We also identified the global uncertainties that could influence Singapore’s future options and how these uncertainties could evolve over time. These include technological developments in supply and smart technologies, alongside with global cooperation against climate change.

Knowing these factors allowed us to paint out possible scenarios and pathways that Singapore could take in achieving a net-zero power sector.

Our energy policies are driven by what we call the energy trilemma, - how do we manage the trade-offs between environmental sustainability, energy security and cost competitiveness. In deciding on Singapore’s energy future, we must continually balance these three important factors.

For instance, it is not good enough to have clean energy if we have to contend with frequent power disruptions or high energy prices. This not only impacts the daily lives of Singaporeans but also potentially undermines the global competitiveness of our economy.

In short, we need to continue to keep our options open, explore every opportunity and make informed decisions regarding investments in different energy technologies.

Having greater regional and global cooperation is also essential. Each country faces unique challenges – some have limited resources while others have ample resources but need external financing and expertise to get projects off the ground. By enhancing cooperation, we all have a better chance of success.

As a father of two, I want to create a better environment for my kids to grow up in.

It is important to recognise that while addressing climate change is a major challenge, it also brings tremendous opportunities. As we seek potential pathways and solutions to decarbonise Singapore’s power sector, we are also looking for avenues for local companies to develop and grow.

I am hopeful that as we build a cleaner and more sustainable energy future, we will empower Singaporeans to pursue their goals and provide ample opportunities for those interested in the energy sector.

Every electron not consumed is one less electron we need to decarbonise as part of the energy transition.

I believe everyone can do their part and our actions are not limited to our own lives. For example, apart from adopting energy-saving practices at home, we can also inspire those around us to do the same and promote the adoption of greener practices in workplaces.