Ladies and Gentlemen
1 Good morning. Today, we recognise companies and individuals who have made outstanding contributions in energy efficiency, through the adoption of technology and best practices.
IMPORTANCE OF ENERGY EFFICIENCY
2 Many of you would have read about the UN’s Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming of 1.5°C earlier this week. The report highlighted the impacts of global warming, including extreme drought, floods and food shortages, on hundreds of millions of people around the world. It serves as a timely reminder on why we need to take action to reduce our emissions now.
3 Singapore is a low-lying city state. We will feel, and in fact, are already experiencing the impacts of climate change. We acknowledge the global ambition to limit temperature rise to well below 2 degrees. Thus, although we only contribute 0.1% to global greenhouse gas emissions, we, as a responsible global citizen, have committed to implementing a comprehensive suite of mitigation measures to reduce our emissions intensity by 36% from 2005 levels, and to stabilise our emissions with the aim of peaking around 2030 under the Paris Agreement. This is an ambitious stretch goal for us.
4 The industry sector is the largest contributor to greenhouse gas emissions. Hence, improving industrial energy efficiency, or EE, is one of our key strategies to combat climate change and build energy resilience. Singapore imports all of our energy and we are exposed to volatility in the global energy market. Like water, energy is a scarce resource, and we must manage our consumption prudently and efficiently.
5 There are practical benefits to improving EE. For instance, EE improvement helps companies lock in energy cost savings over the lifespan of the industrial systems and equipment, limiting the cost impact from potential energy price increases.
6 Next year, we will introduce a carbon tax on large greenhouse gas (GHG) emitters, to incentivise emissions reduction and encourage the transition to a low carbon future. As Minister for Finance announced earlier this year, the estimated $1 billion in carbon tax collected over the first five years will be used to support companies, including SMEs, to improve their energy efficiency. The government will announce details of the grant enhancements very soon. I encourage companies to tap on these grants and reap the benefits of EE early.
7 Apart from grants, the National Environment Agency (NEA) has been working to build up our talent pool of EE expertise, to better support companies in their EE improvement efforts. Today, I am pleased to announce the launch of the Energy Efficiency Opportunities Assessor Certification scheme, or EEO Assessor scheme in short. Through this certification scheme, NEA hopes to build a pipeline of engineers specialising in industrial energy efficiency - to support companies in improving the energy performance of their energy intensive industrial facilities. This is especially pertinent as the industrial sector accounts for 60 percent of Singapore’s greenhouse gas emissions.
8 This certification scheme is jointly developed by the NEA and The Institution of Engineers, Singapore (IES). Administered by the IES, the scheme aims to certify engineers with technical expertise in energy performance management of industrial processes, systems and equipment. It will also qualify them to conduct Energy Efficiency Opportunities Assessments (EEOAs) for energy-intensive industrial facilities regulated under the Energy Conservation Act.
9 EEO Assessors are professionals who have a unique blend of industrial experience and energy management expertise. They will play a crucial role in helping companies evaluate the energy performance of their processes, systems and equipment, and recommend engineering solutions for EE improvements. These EEO Assessors will be recognised by the Chartered Engineer Board (CEB) of the IES as qualified professionals, and be accorded the Chartered Engineer title within the energy sector. We hope that this certification and recognition scheme will inspire practising engineers and those aspiring to be one, to build a career in EE to support Singapore’s journey towards a low-carbon future.
EENP Awards 2018
10 Today, 10 companies, 2 energy managers and 3 public sector agencies will be receiving the EENP Awards for their commitment and outstanding achievements in EE. My congratulations to all the award recipients.
11 From the applications received this year, it is heartening to know that many companies are tapping in-house capabilities to optimise energy use in manufacturing processes.
12 One example is GLOBALFOUNDRIES Singapore, which improved the energy efficiency of their wafer fabrication process. Traditionally, hot de-ionised water is required to rinse off chemicals used in the process. Through rigorous engineering evaluation, the energy management team found that chemical rinsing with cold de-ionised water was just as effective and efficient without affecting the quality of the end-product. This resulted in an energy reduction of almost 25 GWh every year, which translates to about 6,800 tonnes of annual carbon abatement.
13 GLOBALFOUNDRIES and several other EENP Award recipients will be sharing their success stories and best practices later on. I trust that you will find these sessions engaging and insightful. Whether you are an EE advocate, energy manager, or a decision maker in your company, I encourage you to share your experiences with one another, and help every one of us strive to be more energy efficient in our day to day lives.
14 Since Singapore designated 2018 as the Year of Climate Action, I am happy to see members of the industry, community as well as individuals come forward and do their part to fight climate change. Your EE initiatives have contributed to our collective efforts. I look forward to continuing this partnership with you to make Singapore a more liveable and sustainable home.
15 Thank you and have a fruitful day ahead.