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ABSTRACT
With oil prices punching the US$100 price barrier in the month of November 2007, the topic of Alternative Energy has become more a reality to the Singapore government and us. As a start, Singapore unveiled a S$350 million blue print to drive Alternative Energy in the sectors-, of research and development, enhancing environmental sustainability, maintaining economic competitiveness, relevant energy usage, and attracting multi-nationals to set base in Singapore. With the set up of SINERGY at Fusionpolis and the latest $1.2 billion investment from Neste Oil Corporation (Finland), Singapore is on track to cultivating a greener city. We should hence play our part in reading more about the topic and also start to persuade each other to use Alternative Energy.
Pump and tanks for vehicles using biodiesel. Picture courtesy of NLB http://nlb.onasia.com
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Source: http://www.climateprotect.org/
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Singapore unveiled a S$350million blue print designed to ensure that Singapore would be a player in ASIA for the use of alternative energy sources. This initiative acts as a follow up from an initiative signed between ASEAN and six other nations that acknowledges the need to strengthen renewable energy development.
PM Lee also said during that declaration that Singapore recognizes the potential for alternative and renewable energy, and believes the region has great potential for the development of biofuel and other types of renewable energies.
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As such, Singapore embarked herself into this journey with the recently published National Energy Policy Framework, which focuses on the need to maintain a balance between the policy objectives of economic competitiveness, energy security and environmental sustainability.
SINERGY a state of the art research facility and Gardens by the Bays solar modules and wind turbines setup are some of the R&D initiatives focused in the policy. The policy also includes projects such as the E2PO program. You can gather some of the other initiatives by the Singapore Government in table1
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The National Environmental Agency (NEA) also compiled an updated list of the renewable energies installations in Singapore.
Singapores unique strategic approach till date brought together a start to attracting many commercial investors to follow suit. With bank interests and the rising oil prices to the new alternative energy index, banks such as Qatars-Doha bank, to Citigroup and Pictet Asset Management are now banking on green investments.
AES AgriVerde (a US based utilities giant), plans to invest US$100million in South East Asia targeted at projects that are based on alternative energy.
Source: Business Times Singapore 7 September 2007 Source: Business Times Singapore 6 April 2007 and 28 November 2007 respectively Source: Business Times Singapore 24 September 2007
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Closer to home, more diesel cars may hit the road, a joint collaboration between Germanys VW and MTI-Singapore.
Most recently, Finnish company Neste Oil Corporation is investing approximately ($1.17billion) to build a plant here to produce 800,000 tonnes of renewable diesel a year. Quoting from Singapore Business Times 9 May 2007, PM LeeSingapore is keen to move into the fast-growing alternative energy business, he said. I want to see how they saw it from the industry and from the point of view of venture funds, taking a very close interest in the green technology that has suddenly expanded over the past couple of years, and (see) how we can fit into this, whether we can persuade some of them to come to Singapore.
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The government efforts in response to rising oil prices and its search for energy security must also be complimented by efforts from the general public. Understanding the topic of Alternative energy should hence be a good start for you to help in contributing to Alternative energy usages in Singapore.
GOVERNMENT WEBSITES
1. 2. 3. 4. 5. www.nea.gov.sg www.mti.gov.sg www.bca.gov.sg www.nccc.gov.sg www.edb.gov.sg
REFERENCES
Scott Victor Valentine (2007) National University of Singapore: Reframing Global Warming: Toward a Strategic National Planning Framework. Paula Berinstein (2001): Alternative Energy Facts, Statistics, and Issues. Oryx Press (Call no. Rq333.794BER).
http://nrl.nlb.gov.sg/rp/databases.html
News release Agency for Science, Technology and Research, Singapore 30 Mar 2007, Inaugural energy workshop (2 Apr 07) attracts international experts to speak on Smart Energy Distribution and to access local R&D potential.
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Recommended Books
1) Global Warming
A) Chang, C.C., Mendelsohn, R. and Shaw, D. (2003). Global warming & the Asian Pacific. Cheltenham, UK: Northampton, MA: Edward Elgar. Call Number: R 363.73874095 GLO Hillman, M. (2007). The suicidal planet: how to prevent global planet catastrophe. New York, N.Y.: St. Martin's Press. Call Number: R363.73874 HIL Brown, P. (2006). Global warming: the last chance for change. London: A &C Black Guardian Books. Call Number: R 363.73874 BRO
2) Alternative Energy
A) Berinstein, P. (2001). Alternative energy: facts, statistics, and issues Westport, CT: Oryx Press. Call Number: R q333.794 BER Lee, S. (2007). Handbook of alternative fuel technologies Boca Raton: Taylor & Francis. Call Number: R 662.6LEE Walisiewicz, M. (2002). Alternative energy London: Dorling Kindersley, 2002. Call Number: R 333.794 WAL
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