$49 Million Research Fund For Low-Carbon Energy Solutions
26 Oct 2020
The Government today announced a $49 million Low-Carbon Energy Research Funding Initiative at the Singapore International Energy Week 2020. It will support research, development and demonstration projects in low-carbon energy technologies such as hydrogen; and carbon capture, utilisation and storage (CCUS) over the next five years. These efforts aim to accelerate the technical and economic viability of such emerging technologies to reduce Singapore’s carbon emissions, particularly for emissions intensive areas like the power and industrial sectors.
2 Minister for Trade and Industry Mr Chan Chun Sing said, “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.”
3 Research projects could include technologies that enable the effective capture of carbon dioxide (CO2) from low-concentration emission sources in the industrial and power sectors, and to convert the CO2 into useful products such as building materials, reclamation sand and synthetic fuels. Test-beds for emerging technologies, such as the blending of low-carbon hydrogen with natural gas in combined cycle gas turbines, will reduce carbon emissions from electricity generation. These test-beds could yield insights in applying low carbon technologies in Singapore’s context, and facilitate future deployment.
4 This funding initiative is a multi-agency involving the Agency for Science, Technology and Research (A*STAR), the Economic Development Board (EDB), the Energy Market Authority (EMA), the National Climate Change Secretariat (NCCS) and the National Research Foundation (NRF). It will be co-driven by EDB and EMA to ensure projects are relevant to the industrial and power sectors, with A*STAR as the implementing agency on behalf of the Government.
5 As part of the Singapore Energy Story, this initiative seeks to build a more sustainable energy future by harnessing the four switches of energy supply, one of which is the use of low-carbon alternatives. It supports Singapore’s vision for a low-carbon and climate-resilient future. More information on the Singapore Energy Story and Long-Term Low-Emissions Development Strategy is found in the Annex.
ANNEX A: Factsheet for Singapore’s Energy Story
ANNEX B: Factsheet for Exploring Emerging Energy Technologies
ANNEX C: Factsheet for Singapore’s Long-Term Low-Emissions Development Strategy
About the Agency for Science, Technology and Research
The Agency for Science, Technology and Research (A*STAR) is Singapore's lead public sector R&D agency. Through open innovation, we collaborate with our partners in both the public and private sectors to benefit the economy and society. As a Science and Technology Organisation, A*STAR bridges the gap between academia and industry. Our research creates economic growth and jobs for Singapore, and enhances lives by improving societal outcomes in healthcare, urban living, and sustainability. A*STAR plays a key role in nurturing scientific talent and leaders for the wider research community and industry. A*STAR’s R&D activities span biomedical sciences to physical sciences and engineering, with research entities primarily located in Biopolis and Fusionopolis. For ongoing news, visit www.a-star.edu.sg.
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About the Singapore Economic Development Board
The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore’s position as a global centre for business, innovation, and talent. We undertake investment promotion and industry development, and work with international businesses, both foreign and local, by providing information, connection to partners and access to government incentives for their investments. Our mission is to create sustainable economic growth, with vibrant business and good job opportunities for Singapore.
For more information on EDB, please visit www.edb.gov.sg.
About the Energy Market Authority
The Energy Market Authority (EMA) is a statutory board under the Ministry of Trade and Industry. Our main goals are to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore. Through our work, EMA seeks to forge a progressive energy landscape for sustained growth.
Website: www.ema.gov.sg | Follow us: Instagram: @EMA_Singapore | Facebook: facebook.com/EnergyMarketAuthority | Twitter: @EMA_sg
About the National Climate Change Secretariat
The National Climate Change Secretariat (NCCS) is part of the Strategy Group under the Prime Minister’s Office, which develops and implements Singapore’s domestic and international policies and strategies to tackle climate change. NCCS achieves this by adopting a Whole-of-Government approach and working with the people and private sectors to mitigate carbon emissions in all sectors, helping Singapore adapt to the effects of climate change, harnessing economic and green growth opportunities arising from climate change, and encouraging public awareness and action on climate change. For more information, please visit www.nccs.gov.sg.
About the National Research Foundation Singapore
The National Research Foundation (NRF) is a department within the Prime Minister's Office. NRF sets the national direction for research and development (R&D) by developing policies, plans and strategies for research, innovation and enterprise. It also funds strategic initiatives and builds up R&D capabilities by nurturing research talent. The NRF aims to transform Singapore into a vibrant R&D hub that contributes towards a knowledge-intensive, innovative and entrepreneurial economy; and make Singapore a magnet for excellence in science and innovation.
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