Moving away from fossil fuels will be costly; but that goes for climate inaction too
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Singapore announced during the event that it had given conditional approval for a company here to start importing solar energy from Australia via more than 4,000km of cables, in a mega project expected to cost US$24 billion (S$31.6 billion).
If Singapore is unable to decarbonise its power sector, the country will risk losing companies that are committed to reducing their emissions related to energy use...This means companies that pledged to switch fully to renewable energy under the global RE100 initiative, from Apple to Google, would likely reconsider Singapore as a base of operations
The cost of action may seem uncomfortable in the near term, but the cost of inaction is untenable in the long term.
Qn: ‘Fossil fuels should no longer have a part in the production of energy.’ Discuss. (Cam. 2023)
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