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On 13 July, the energy committee examined Singapore’s carbon tax in relation to the three broad policy criterias of economic efficiency, distributional equity and environmental effectiveness. The speaker, Dr Tilak Doshi, Managing Consultant, Muse, Stancil & Co. (Asia), outlined the differences between carbon taxes and cap-and-trade schemes.  During the session, one of the most fundamental policy question presented on carbon tax laws was:  Will Singapore’s role as Asia’s premier oil business hub be compromised by the proposed carbon tax laws. Committee members also discussed about the tradeoff involved when attempting to balance between economic growth and climate change objectives.

The Energy committee has had an eventful 2016. For those of you who have missed it, here is our recap of the year! To make sure that you don’t miss any of our committee events this year, join our mailing list to receive personal invites.

 

For more information on how you can be more involved with the committee, do feel free to drop me a note at pkoh@amcham.org.sg.

Energy 2016

 

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ExxonMobil Corporate Strategic Planning Energy Advisor Lynne D. Taschner briefed committee members on the outlook for energy demand growth and the energy mix between now and 2040.   In the 2014-2040 period, global economic activity will expand faster than the global population.  ExxonMobil’s projections indicate that energy use will become more efficient, so while energy consumption will continue to rise, it will increase only slightly faster than the number of people on the planet increases and carbon emissions will rise by less.  For Southeast Asia, Lynne predicted that GDP will triple, the population will grow by 25 percent, and energy demand will rise by 75 percent.  Unlike the global average, carbon emissions in Southeast Asia will rise in this period, according to ExxonMobil modeling.

 

A projected 50 percent increases means that demand for natural gas will grow by more than demand for any other energy source in this period.

March 2016:

 

The Outlook for Energy: A View to 2040, Lynne D. Taschner, Energy Advisor, Corporate Strategic Planning of Exxon Mobil Corporation

January 2016:

 

The Fourth Wave of Sustainability:

 

Changes Affecting Business Activities, Focus on the Energy Sector, Andy Hoffman, Professor of Sustainable Enterprise at the University of Michigan

November 2015:

 

The Use of Robots in Oil & Gas, Claus J. Nehmzow, Digital Innovation Organisation, BP Singapore Pte. Limited

September 2015:

 

Renewable Energy Policies in Southeast Asia,

 

Anton Finenko, Research Associate, Energy Studies Institute (National University of Singapore) and Andrew Lee, Chief Country Representative, GE International Inc

June 2015:

 

The Future of Natural Gas in Southeast Asia, Pierre Noël, Senior Fellow, Economic & Energy Security, International Institute for Strategic Studies (IISS), Singapore

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On Thursday afternoon, the Energy committee discussed about challenges facing sustainability inititiatives today. Professor Andrew Hoffman, Holcim (US), Inc. Professor of Sustainable Enterprise, University of Michigan led the session. He presented on several elements of change that have led to new forms of partnerships, materials use and supply chains, domains of corporate activity, organizations. Also, he presented on possible new economic models and metrics that are used to measure them.

We will regularly update the blog after interesting meetings and share upcoming events and interesting information related to energy. We hope the information benefits you and we welcome your feedback on the new look.

 

Stay tuned and look out for our next blog post!

About

Energy Committee

The Energy Committee serves as a primary networking tool for the energy sector of Singapore. Along with regularly scheduled internal briefings and networking events, the Committee is also active in tracking legislation, trends in well-established and renewable energies, regulatory conditions and studies, with regards to policies towards the industry and its relations to the American business community.
Upcoming and Recent Committee Meetings

Co-Chairs

Kazunari Fukui

Kazunari Fukui

General Electric International

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