Dr David Broadstock shared comments on the announcement that Changi Airport will become home to Singapore largest single-site rooftop solar panel system to date.
Dr David Broadstock, SGFIN Senior Research Fellow and Energy Transition lead, was interviewed by CNA News on the announcement by the International Energy Agency to launch their first Regional Cooperation Centre, to be housed in Singapore. The centre is expected to be operational by the second half of 2024. David shared on the importance for this in driving regional ambition for decarbonised energy solutions.
Links: CNA News (TV) | CNA article
The carbon credit markets are anticipating a positive year ahead, yet industry observers highlight persistent challenges. Over the past five years, the carbon market has experienced substantial growth. However, the trading volume saw a significant dip in 2022 due to concerns surrounding verification. Professor Johan Sulaeman, Director of SGFIN, provided some thoughts on the development of carbon market during a recent interview with Channel News Asia.
Dr David Broadstock shares some views on the potential future for renewable energy within Singapore’s power mix, and what impacts it may have to the average household consumer by way of the electricity prices they face.
During the HeadHunt Postgraduate Fair on January 13, 2024, Prof Johan Sulaeman, Director of SGFIN, delivered a masterclass titled “Integrating Sustainability into Financial Investments.” He highlighted the evolving landscape of sustainable investment, emphasizing the need to go beyond traditional financial returns by considering economic, environmental, and social factors. Prof Johan explored the key drivers of carbon emissions, climate change, and global commitments to sustainability, focusing on how government policies and regulations influence these efforts. He also shared principles for incorporating sustainability into financial decisions and discussed emerging tools to support the growth of sustainable finance.
Dr. David Broadstock, SGFIN Senior Research Fellow and Energy Transition lead, has been interviewed by various news outlets to provide insights into the recent developments regarding electricity and gas tariffs in Singapore. The upward revision of electricity and gas tariffs, influenced by factors such as higher GST, carbon tax, and energy costs, is expected to lead to an increase in household electricity bills. Dr. Broadstock addresses the potential continuation of this trend into 2024 and explores the implications for electricity retail contracts and the open electricity market.
Links: CNA News (TV) | The Straits Times article 1 | The Straits Times article 2 | Lianhe Zaobao article 1 | Lianhe Zaobao article 2
On 7 Dec 2023, Prof Johan Sulaeman, Director of SGFIN, moderated the Mandiri Sustainability Forum in Jakarta, highlighting the crucial role of financial institutions in driving global sustainability, particularly in emerging economies like Indonesia. The forum explored how to balance development and economic growth with sustainable practices, while also discussing the potential of COP28 to accelerate this transition, along with its challenges and opportunities.
Prof. Zhang Weina, Deputy Director of SGFIN, participated in the panel discussion “SME Financial Literacy and Talent Development” at Singapore FinTech Festival 2023, highlighting the critical role of governments, development agencies, and educators in supporting MSMEs’ global growth. She emphasized the need for MSMEs to adopt holistic business models that focus on long-term sustainability rather than profit alone. Prof Weina stressed the importance of training top leadership and developing multi-disciplinary sustainability talents to drive decarbonization efforts. She also called for fostering social capital with employees, particularly millennials, through mentorship and opportunities centered around sustainability.
At Singapore FinTech Festival 2023, SGFIN’s Prof Johan Sulaeman moderated the panel titled “Are Global Regulations Running Too Far Ahead of Tech Solution and Economic Realities?” He emphasized the transformative potential of advanced technologies like generative AI and machine learning in optimizing business decisions and promoting sustainability. Prof Johan argued that while regulations and ESG disclosures are important, collaboration among SMEs, corporates, and regulators is key to reshaping the business landscape. He stressed that aligning data with needs through technology is crucial, encouraging a ground-up approach to help SMEs meet reporting requirements.
The Changi Carbon Offsets programme is now in full swing, allowing passengers to take charge of their carbon footprint, irrespective of the airline they choose. On an interview with The Straits Times, Associate Professor Johan Sulaeman, Director of SGFIN, highlights the timely nature of Changi Airport’s initiative and underscores the importance of innovative technologies for a faster reduction in greenhouse gas emissions in the aviation sector.