Collaboration, clarity, confidence vital in the transition to renewable energy: panellists

WHEN countries come together and clarity is provided on the renewable energy sector, costs can be distributed and shared. This breeds certainty and decreases the risk profile of the sector, garnering more confidence from the private sector to invest in the public sector, said Second Minister for Trade and Industry Tan See Leng.

“Given where we are today, I think all the more important, countries internationally should work even more closer together,” said Dr Tan.

The climate change action plan, a topic of discussion at the upcoming G-20 Bali summit in November, will be contingent on countries collaborating to establish broader scale international markets for carbon and renewable energy trade, as well as setting up of new supply chains, he noted.