Singapore has earmarked $49m to fund research, development and demonstration projects in hydrogen and carbon capture, utilisation and storage (CCUS) over the next five years.
These efforts aim to accelerate the technical and economic viability of such emerging technologies to reduce Singapore’s carbon emissions, particularly for emissions intensive areas like the power and industrial sectors, the Singapore Government said.
“Hydrogen and CCUS are promising technologies that have the potential to transform Singapore’s energy landscape and help us achieve our long-term emissions reduction goals,” said Minister for Trade and Industry Chan Chun Sing.
“This new funding initiative strengthens our current efforts, and will accelerate our transition towards a cleaner and more sustainable energy future.”
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