News analysis

Renewed focus on clean energy timely amid global shift in demand

Demand for renewables still resilient despite fall in power consumption amid Covid-19

Solar panels on JTC's Jurong Town Hall rooftop. Singapore is on track to reach its solar energy generation target of 350 megawatt-peak by the end of this year, according to the Energy Market Authority. PHOTO: JTC
Solar panels on JTC's Jurong Town Hall rooftop. Singapore is on track to reach its solar energy generation target of 350 megawatt-peak by the end of this year, according to the Energy Market Authority. PHOTO: JTC
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Singapore's increased emphasis on clean energy will put it in line with the global shift towards a low-carbon world.

Recent initiatives such as JTC Corp's tender for its SolarRoof programme to help companies adopt solar energy, Senoko's pilot project on renewable energy trade, and the Monetary Authority of Singapore's (MAS) newest priority to make Singapore a leading hub for green finance are all steps in that direction.

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A version of this article appeared in the print edition of The Straits Times on July 24, 2020, with the headline Renewed focus on clean energy timely amid global shift in demand. Subscribe