SINGAPORE: Singapore and the United States have expressed fascination with conducting a feasibility study to enhance energy connectivity in Southeast Asia.
This uses Singapore’s Second Ressortchef (umgangssprachlich) of Trade plus Industry Tan See Leng and ALL OF US Energy Secretary Jennifer Granholm met in Singapore at the sidelines of the US-Southeast Asian countries Clean Energy Roundtable on Thursday (Jul 14).
Inside a joint ministerial statement sent on Friday, they underscored the importance of energy cooperation between both nations and affirmed the importance of strengthened cooperation on energy security, thoroughly clean energy transitions plus regional energy interconnectivity.
They acknowledged the urgency in order to accelerate energy changes in the region to reach net zero climate targets. At the same time, they also decided that international assistance is critical to harness the untapped alternative energy potential in Southeast Asia, stimulate clean energy investment moves, and generate brand new green jobs.
The ministers made welcome further cooperation on regional energy interconnectivity to enhance energy protection and strengthen grid resilience.
“To this finish, the ministers indicated interest in a feasibility study on enhancing energy connectivity in the area, ” the declaration read.
“Enhancing energy connection would enable mutual support for the region’s power systems, whilst facilitating regional energy electricity trading. inch
In his speech at the roundtable on Thursday, Dr Color said that there is a need to scale up the application of low-carbon technology that are already in a commercial sense available and cost-competitive, and added the fact that key is to create these projects “bankable”.
“This can be challenging in Southeast Asia, where the majority of countries have not implemented a carbon taxes and some countries still subsidise fossil fuels, inch he said.
“One way to make renewable energy projects more bankable is to promote the cross-border trade of thoroughly clean energy, in the form of electrical power and new power carriers such as hydrogen and ammonia. ”
He added that the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP) is an important pathfinder project to progress regional integration plus energy resilience, underpinned by the ASEAN Strength Grid vision.
Dr Tan furthermore urged countries to consider decisive action to innovate, adding that current technologies will never be enough.