Hydrogen could supply up to 50 per cent of Singapore's power needs by 2050.
SINGAPORE – Singapore is laying the groundwork to tap low-carbon hydrogen as a cleaner fuel source more quickly when it becomes viable.
Currently, the use of hydrogen – considered a more climate-friendly fuel than fossil fuels – is still in the research and testing phase here.depending on technological advancements and the development of other energy sources. The Republic currently relies on natural gas for around 95 per cent of its electricity generation.
Hydrogen can be considered a clean fuel as it does not produce any planet-warming carbon dioxide when burned. But in order to be considered low-carbon, the fuel must be produced in a way that does not emit any CO2 – for example, by using solar energy. Findings from the Jurong Island project will also be taken into consideration in the development of hydrogen-related policies or legislation, EMA said.
The consultant should also suggest the extent to which the Government should own and operate infrastructure to import and distribute hydrogen, taking into consideration the need to ensure energy security, the reliability of power generation, and the efficient use of land. In December 2023, the US government announced a hydrogen tax credit scheme that would give companies a tax credit ranging from 60 US cents to US$3 per kg of hydrogen produced, depending on the level of greenhouse gas emissions from the production process, and the amount of fossil fuels used.
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