The Economic Strategies Committee (ESC) Sub-Committee on Energy Resilience and Sustainable Growth has published its detailed report on its aim to:
recommend strategies to achieve our national energy objectives: economic competitiveness, energy security and environmental sustainability.
Here are the 5 strategies and 11 recommendations to help Singapore build a Smart Energy Economy:
Strategy 1: Diversifying our Energy Sources
1. Allow entry of new energy options on a market basis
2. Develop renewable energy sources
3. Study the feasibility of the nuclear energy option and develop expertise in nuclear energy technologies
Strategy 2: Enhancing Infrastructure and Systems
4. Invest in critical energy infrastructure ahead of demand
5. Develop Jurong Island as an energy-optimised industrial cluster
Strategy 3: Increasing Energy Efficiency
6. Promote energy efficiency for buildings, industry and in homes
7. Support clean and efficient technologies in transportation
Strategy 4: Strengthening the Green Economy
8. Establish energy as a key national R&D priority
9. Build capabilities for the green economy
10. Apply a green lens to government procurement
Strategy 5: Pricing Energy Right
11. Price energy to reflect its total cost
