News / #natural gas
Energy
Singapore’s draft power market rules seen signalling tighter state control over energy transition
Adopting renewables and electricity imports adds to security concerns posed by global gas market volatility. Investors’ cold shoulder towards fossil energy could also threaten the longevity of Singapore’s gas plants, analysts say.
Singapore's DBS Bank is newly listed among the top 60 banks globally which committed US$705 trillion into fossil fuel financing in 2023, a new report shows.
Minister Grace Fu suggested that the region's emissions allowance would be better spent on manufacturing industries needed to sustain the aspirations of a young and growing Southeast Asia. Countries besides Singapore are needed to build an Asean renewables-based energy grid.
Economist Michael Greenstone, who first put a price on emissions for the US government, says that unless the price gap between fossil fuels and clean energy narrows, poor countries will face difficult trade-offs amid climate breakdown.
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13 March 2024
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Carbon & Climate
COP28 climate dispute: what are 'unabated' fossil fuels?
6 November 2023
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14 September 2023
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8 September 2023
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