News / #natural gas
A new whitepaper funded by the Asia-focused lender proposes retrofitting existing coal assets with viable clean technologies and retaining their transmission infrastructure to improve the bankability of the region’s early phase-out deals.
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.
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Carbon & Climate
COP28 climate dispute: what are 'unabated' fossil fuels?
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