Whole-of-nation approach needed to power Singapore's energy sector into the future
The government has to set, implement and monitor national goals and objectives that encompass the environment, industry and public services.
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CLIMATE change is real, and the urgent need for climate action is being felt across the world. The United Nations recently announced that more than 90 countries have committed to achieving net-zero carbon dioxide emissions by 2050. Over 200 of the world's most influential companies have pledged to use 100 per cent renewable energy by mid-century, at the latest.
The accelerated pace of decarbonisation, while critical, also puts governments and the power industry globally in a delicate balancing act. Ambitious climate goals need to be harmonised with the equally vital imperatives of ensuring energy security and driving cost-effectiveness for consumers.
Striking a sustainable and economically efficient balance between all the objectives may remain our single biggest challenge for years to come.
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