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29 June 2021 1:39 GMT Updated 29 June 2021 1:48 GMT in London
Singapore is seeking further partnerships with other nations and industry to advance emerging low-carbon technologies, including hydrogen and carbon capture, utilisation, and storage (CCUS), as the government follows up on the findings from two respective feasibility studies. As an alternative energy disadvantaged country, we expect these [hydrogen and CCUS] technologies to play important roles in our transition to a low-carbon future,” said a governmental multi-agency statement.
“They will help us in our effort to meet our commitments and ambitions in climate action, as set out in our enhanced 2030 Nationally Determined Contribution and Long-Term Low-Emissions Development Strategy, and the Singapore Green Plan 2030.
Singapore is set to expand low-carbon hydrogen and carbon capture, utilisation and storage (CCUS) technologies following the completion of two feasibility studies.
On 19 May 2021, the financial industry taskforce of Singapore (known as the Green Finance Industry Taskforce (GFIT)) released guidelines on climate-related disclosures and a white paper.