THE challenges the world has witnessed over the last 2 years has, interestingly, been a positive push for the renewable energy market.

The Covid-19 pandemic, climate change, commodities inflation, as well as the conflict in Ukraine — dubbed by a group of panellists as the 4C’s of the present age — have in fact accelerated the growth of this emerging sector.

The use of the term is a play on a well-known Singaporean phrase known as the 5C’s, which stands for cash, car, credit card, condominium, and country club membership, and is often used to poke fun at Singaporeans’ aspirations for material possessions.