Singapore is aiming for net zero emissions by 2050. To achieve this ambitious target, hydrogen energy will play a key role.
Responding to climate change is a topic that is being mentioned with more frequency this time, when the COP27 Conference is being held. In Southeast Asia, governments have been introducing many strategies for sustainable economic development and environmental protection.
Currently, fossil fuels are a popular source of energy for most people in Singapore. However, this will soon change, hydrogen energy will gradually be applied by Singapore to reduce emissions and ensure energy security.
Mr. Hoang Tuan Tai, Deputy Prime Minister and Minister of Finance of Singapore, said: “In the industrial sector, hydrogen energy can be used for semiconductor factories and in petrochemical processes.”
Besides helping to reduce emissions, hydrogen energy allows companies to produce green and sustainable products. In addition, hydrogen can also be used as a low-carbon fuel for marine and aviation applications.”
Singapore’s ambitious plan includes testing new hydrogen technologies and applying them to the transportation sector. In addition, it is expected that from 2027, Singaporeans will be able to start accessing electricity generated from low-carbon hydrogen fuel.
However, providing hydrogen energy to all of Singapore will come with a sizable cost, first of all the 129 million SGD funding for research and development. In addition, Singapore will also need resources to establish a low-carbon hydrogen supply chain, building infrastructure to import, store and convert hydrogen into energy.
To overcome these challenges, some companies are starting to cooperate with the Singapore Government.
Ms. Cindy Lim, CEO of Keppel Infrastructure Company, confirmed: “Our plan includes building a hydrogen power plant. In the near term, when we blend hydrogen into the fuel mix, it will actually bring lower emissions intensity to the end users, which could be companies in the industrial sector, commercial sectors as well. like households”.
If on the right path, hydrogen energy will be able to meet up to half of Singapore’s energy needs by 2050.