Lessons From Nova Scotia On Developing Renewable Energy

October 30, 2013 by  
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By Cheng Zhi Wei

Tidal power by saavem

Speaking at the Opening Plenary of the Asia Future Energy Forum yesterday as part of the Singapore International Energy Week 2013, Mr Bruce Cameron, Executive Director, Sustainable and Renewable Energy, Nova Scotia Department of Energy in Canada, shared his experience of developing Nova Scotia’s ocean energy sector and the factors that led to their success.

His presentation highlighted the holistic approach Nova Scotia has adopted to the development of its tidal energy potential and holds many lessons for government officials and businesses who are looking to tap other renewable resources in their countries. According to Mr Cameron, besides resource endowment, public engagement and government leadership are key for the successful and sustainable development of Nova Scotia’s tides. Read more

Highlights from the Singapore International Energy Week 2012

December 18, 2012 by  
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The 5th annual Singapore International Energy Week (SIEW) 2012 starts today and brings together policymakers, energy experts and industry players to discuss energy issues, strategies and solutions. The SIEW 2012 Opening Keynote Address was delivered by Maria van der Hoeven, Executive Director of the International Energy Agency (IEA), who shared her thoughts on Asia and the global energy economy.

Maria highlighted the new reality of risks due to slowing economic growth and geopolitical uncertainties, but there are still positive signs for oil and gas supplies. There is a growing role for Liquefied Natural Gas (LNG) as global LNG trade will increase by one third over 2011-2017, ASEAN countries are looking at LNG imports, and Asia is the second largest gas consuming region. At the moment, there is no trading hub for natural gas in Asia, although Singapore could be a possible gas trading hub with its experience in oil trading. Read more

Singapore’s strategies to meet its energy challenge amid an uncertain global energy future

October 31, 2011 by  
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Singapore is taking steps to address its energy challenge by diversifying energy mix, managing energy demand, and encouraging innovative technologies, amid an uncertain global energy future.

During his Opening Address at the Singapore Energy Lecture, which kicks off the annual Singapore International Energy Week (SIEW) 2011, Mr S Iswaran, Minister, Prime Minister’s Office and Second Minister for Home Affairs and Trade and Industry, shares Singapore’s three strategies in addressing its energy challenge, given its over dependence on energy imports and the need to secure reliable and affordable energy supplies.

Diversify Energy Supply

Mr Iswaran shared that the key thrust of Singapore’s energy strategy is the diversification of its energy supplies through Liquefied Natural Gas (LNG) and electricity imports. Singapore will also continue to explore other options like solar energy. Read more

Speech by PM Lee at Singapore International Energy Week

November 4, 2010 by  
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Excellencies,

Distinguish guests,

Ladies and gentlemen.

I am very happy to join you this morning for the 3rd Singapore International Energy Week. This year’s event has attracted the largest ever participation from the region and beyond and this strong turnout reflects the growing priority that all countries are placing on energy issues today.

2. We consume energy in the course of almost all parts of our daily lives. It makes possible the way we live, work, play and travel. And ever since the Industrial Revolution and especially over the past century, mankind has relied on cheap supplies of fossil fuels to drive economic progress. But this dependence will be very difficult to be sustained. Read more

Singapore Preparing For a Smart Energy Economy

November 1, 2010 by  
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Prime Minister Lee Hsien Loong delivered the annual Singapore Energy Lecture this morning at the 3rd Singapore International Energy Week (SIEW). PM Lee spoke about how Singapore is preparing for the new energy future amid uncertainties in future energy prices, a global regime on climate change, and new technologies. Singapore’s challenge is to have energy that is cost-competitive, secure, clean and sustainable. PM Lee outlined four key strategies towards a smart energy economy:

1. Promote Competitive Markets

To promote competitive markets, Singapore will price energy properly and avoid subsidies for households and businesses, and foster competition in the production and supply of energy so as to increase efficiency. PM Lee also said that Singapore should work through the market to cut carbon emissions as pushing for efficiency is limited due to the rebound effect. Therefore, there is a need to impose a charge on consumers to induce them to change their behaviour, and the best approach is to apply a carbon price, whether through a carbon tax or cap and trade scheme. Read more