Core Projects and Initial Portfolio

Climate change as a result of greenhouse gas (GHG) emissions is one of the greatest challenges of the 21st century. The Intergovernmental Panel on Climate Change (IPCC) released its special report on 8 Oct 2018, “Global Warming of 1.5°C” in which it called upon all nations to commit serious efforts to cap global temperature rise at 1.5°C above pre-industrial levels to avoid catastrophic climate change. As part of its efforts to tackle climate change, Singapore aims to halve its 2030 peak greenhouse gas emissions by 2050, and to achieve net zero emissions “as soon as viable” in the second half of the century. Under the current business-as-usual growth trajectory, temperature in Singapore could rise up to 4°C.Thus, there is an urgent need for us to develop more solutions to reduce our carbon emissions and meet growing energy demand in a sustainable manner.

In Dec 2021, the SgEC had awarded six core projects in the broad area of energy, specifically on the topic of decarbonization to reduce carbon emissions in line with Singapore’s national goal. These projects are expected to begin in Jan 2022 and be completed by 2024. Findings from the core projects are expected to catalyze a broad range of low carbon energy solutions in line with Singapore’s national goal.