Singapore approves $49m funding for low-carbon energy research
Various agencies helped formed the initiative.
Singapore announced a Low-Carbon Energy Research Funding Initiative worth $49m at the Singapore International Energy Week.
The funding will support research, development and demonstration projects in low-carbon energy technologies such as hydrogen; and carbon capture, utilisation and storage over the next five years.
“Hydrogen, and carbon capture, utilisation and storage are promising technologies that have the potential to transform Singapore’s energy landscape and help us achieve our long-term emissions reduction goals. This new funding initiative strengthens our current efforts, and will accelerate our transition towards a cleaner and more sustainable energy future,” said Minister for Trade and Industry Chan Chun Sing.
This is all part of the Singapore Energy Story launched in last year’s SIEW to map the country’s effort to a cleaner, more reliable and affordable energy future.
The initiative is a multi-agency effort formed by the Agency for Science, Technology and Research, the Economic Development Board, the Energy Market Authority, the National Climate Change Secretariat, and the National Research Foundation.