Despite geopolitical uncertainties, S'pore power sector can still hit climate targets

The war has become a catalyst to rethink global energy supplies: Surging fossil fuel prices, intense competition and rising geopolitical risk. With climate change impacts intensifying, will the crisis unite the world in stronger climate action and spending on cheaper renewable energy? Or will it entrench fossil fuels in the pursuit of energy security?

The power sector is a significant contributor to Singapore's total emissions. ST PHOTO: DESMOND WEE
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SINGAPORE - Electricity prices in Singapore have gone up again for the fifth quarter in a row since the start of 2021.

The latest increase of almost 10 per cent - from 25.44 cents to 27.94 cents per kilowatt-hour (kWh) before the goods and services tax - was due to "significantly higher global gas and oil prices exacerbated by the conflict in Ukraine", grid operator SP Group said last Thursday (March 31) .

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