Commodities

Stocksak: Singapore will introduce new emission rules for fossil fuel power plants


© Stocksak. FILEPHOTO: A man bikes past a chimney emitting emissions in an area of Singapore on January 5, 2016. REUTERS/Tim Wimborne

By Emily Chow

SINGAPORE, (Stocksak), A minister stated Wednesday that Singapore’s energy regulator will introduce new emissions standards for fossil fuel-fired power generator units.

Low Yen Ling (ministry of trade and industry minister) stated that the Energy Market Authority will consult the industry over the coming months and would release details on the standards subsequently.

These new rules are part the implementation of a city-state law last year that allowed EMA to set greenhouse gas emission standards.

This measure follows Singapore’s announcement of plans to reduce its 2030 emissions target to 60 million tonnes of CO2 (CO2).

Low stated that the city-state will improve the efficiency and effectiveness of its power plants, “by requiring all new generation units must use the best-in class technology available,” but did not go into detail about the technology.

Low also announced the signing of a memorandum to cooperation (MOC), between Singapore and Japan, in order to promote energy security and transitions.

Low stated that the memorandum will improve bilateral cooperation to “promote investment across the LNG value chain, explore of opportunities to support LNG procuration, and draw on our LNG connections for regional supply chains of low emission fuels.”

The new MOC is a continuation of a memorandum that coordinated the support for natural gas supply chains using low-emission technologies such as hydrogen, ammonia, and carbon capture, storage, and utilisation.

Last month, Japan also signed an agreement of cooperation with Petronas Malaysia, a Malaysian state-owned energy company. It includes considerations of joint upstream investment, cooperation in cutting methane emissions and mutual assistance in fuel supply.

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