5 6
energy to meet around 3% of Singapore’s
total electricity demand in that year.
Although solar power is Singapore’s most
viable renewable energy alternative, its
scale-up is fundamentally limited by
our land constraints. Nevertheless, the
Government will continue to review our
longer-term strategies for maximising
solar power, and actively invest in R&D
and test-bedding to increase efciency
and optimise space utilisation, including
through the deployment of oating solar
farms and vertical panel installations.
To enhance the resilience of our energy
supply and power grid, the Energy Market
Authority (EMA) appointed Sembcorp to
build, own and operate Energy Storage
Systems (ESS) with 200 megawatt-hours
(MWh) of energy storage capacity and 200
megawatts (MW) of discharge capacity. Once
it is operational, it will be the largest ESS
deployment in Southeast Asia, and one of the
fastest of its size to be deployed.
We are also exploring possible CCUS
deployment pathways. Carbon dioxide
captured from industrial facilities in
Singapore could be sequestered in suitable
sub-surface geological formations, utilised
as feedstock for synthetic fuels or as
building materials through mineralisation.
Singapore will continue to monitor
technological and market developments,
and scale up deployment as pathways
become techno-economically viable.
PURSUING EFFECTIVE
INTERNATIONAL COOPERATION
Given our national circumstances,
Singapore is highly dependent on
effective international cooperation for
the success of our decarbonisation
measures. While we continue to prioritise
domestic efforts to reduce emissions,
we will need to pursue collaboration with
international partners to access regional
and global mitigation opportunities to
meet our ambitious climate goals.
This is why Singapore actively fosters
effective international cooperation on climate
action. Singapore has played an active role
in supporting the multilateral framework
of cooperation on climate change under
the UNFCCC, including co-facilitating the
negotiations at COP-26 that nalised the
Article 6 rulebook of the Paris Agreement.
Singapore also collaborates actively with
international partners, such as the UNFCCC,
the UN Development Programme (UNDP), the
UN Environment Programme (UNEP), ASEAN
and city-networks such as the C40, on the
sharing of best practices and experiences on
climate change and green growth issues.
Singapore is an advocate of close bilateral,
regional and plurilateral cooperation, and has
signed agreements with various partners to
strengthen collaboration on carbon markets,
green nance and low-carbon technologies.
On carbon markets, for example, Singapore
has signed Memoranda of Understanding
(MOUs) with countries such as Indonesia,
Colombia, Vietnam, Brunei and Morocco
on carbon credits collaboration aligned
to Article 6 of the Paris Agreement.
On the energy front, enhancing regional
energy connectivity, including through the
ASEAN Power Grid, is one initiative that
can enhance economic development,
energy security and sustainability in the
region. As a pathnder to the ASEAN
Power Grid, Singapore has begun importing
hydroelectric power from Laos, using existing
interconnections via Thailand and Malaysia,
as part of the Lao PDR-Thailand-Malaysia-
Singapore Power Integration Project (LTMP-
PIP). Our aim is to import up to 4 GW of low-
carbon electricity from beyond our shores by
2035, which is expected to make up around
30% of Singapore’s total supply. In addition to
working with our regional neighbours on the
LTMP-PIP, Singapore has signed MOUs with