#natural gas News
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.
The country’s largest utilities could have 11 million more tonnes of liquefied natural gas per year than needed by 2030. The resultant gas exports could create overcapacity and fry climate targets in emerging Asian markets, analysts say.
Energy
Singapore’s upcoming LNG terminal faces no significant stranding risk from renewables push: minister
This is according to projections done by the city-state, which wants to scale up import capacity for shipped gas and cut reliance on pipelines from Indonesia and Malaysia.
Green Buildings
Singapore nudges phaseout of gas cookers in new buildings
#natural gas Opinion
Supporting natural gas projects hinders the deployment of clean and renewable energy solutions for developing countries. Instead, nations should receive help in phasing out fossil fuels in line with their climate targets.
Achieving net zero emissions requires compromise but energy justice for all needs to be at the heart of any decision. For all the talk, it's not happening, yet.
Policy & Finance
Will Singapore’s national taxonomy pave the way for a harmonisation of green standards in Asia?
In Asia, where many carbon-intensive industries operate, there is a need to ensure that financing is available for an orderly transition. The Singapore-Asia Taxonomy is expected to provide clearer definitions for a managed coal phase-out while considering national priorities.
Carbon & Climate
Fossil-linked energy firms have high emissions and the room for denial is shrinking: IEEFA
The first global sustainability reporting standards, to include new requirements for Scope 3 emission, is expected to be published in June 2023. Energy companies would be wise to have robust decarbonisation plans, as opportunities for greenwashing will be limited once full emissions are reported.
#natural gas Podcasts
Energy
Scrutiny, Scope 3 and Asian realities: Petronas sustainability chief on climate action at COP28
The oil and gas sector needs to cut operational emissions faster, Charlotte Wolff-Bye tells the Eco-Business podcast. But slashing fuel output won’t do for the Asian supplier, and it welcomes respectful debate at the climate summit.
The Philippines has ended new coal development as it pursues a low-carbon future. Don Paulino of non-profit Philippine Energy Independence Council and boss of Shell's exploration arm, argues why natural gas should remain in the energy mix.
