New technologies, continuous innovation key as world moves towards low-carbon future, say experts – CNA

SINGAPORE: Constant development and the advancement of brand-new technologies will play crucial roles to decrease emissions as the world eyes a low-carbon future, stated industry professionals at the Singapore Energy Summit on Monday (Oct 26).

Speaking at a panel conversation titled “Development: Low Carbon Innovations”, International Energy Agency (IEA)’s director of energy markets and security Keisuke Sadamori kept in mind in order to achieve a low-carbon future and reach net-zero emissions, brand-new technologies and development should play “an extremely huge role”.

And in another assessment to accomplish net absolutely no emissions by 2050, practically half of all emission savings will come from innovations that are also not readily available in the industrial market, he added.Given that this is

the case, there is a need for researchers, researchers and business owners to contribute to options for a low-carbon future, stated Mr Joseph McMonigle, who is the secretary-general of the International Energy Forum (IEF).

“This is actually a call to action for all of the scientists and researchers and entrepreneurs. We need you and we need these brand-new innovations to be created, because the issue is immediate,” he stated.

“Certainly, the energy shift is unavoidable. However in order for us to satisfy our objectives, we have a lot more work to do.”

Mr Sadamori also pointed out that the innovations behind the “success stories” such as renewable batteries typically require “a great deal” more development.

“This may sound counter-intuitive, when we’re used to hearing the success stories that we have actually seen with renewable batteries, or the news about the hydrogen-based steel making,” he added.

“But the reality is that these are typically technologies that still require a great deal more innovation. They are today at prototype for the demonstration area. And so the concern whether we can decarbonise sectors like cross country transportation or heavy markets, extremely much depends on the pace at which these technologies can be enhanced, brought to the marketplace, and scaled up.”

In specific, about 75 per cent of all emission savings by 2050 from the long distance transportation and heavy industries sectors will come from technologies that are not commercially offered yet, included Mr Sadamori.

“You can see the degree that we require to rely on premature innovations and the really big function of development to solve this situation,” he said.When it concerns

Singapore’s experience, Teacher Andy Hor who is A * STAR’s deputy president of research stressed the requirement for worldwide partnerships to attain low-carbon economy.Citing the country’s interest in hydrogen and carbon capture utilisation and storage as an example, Prof Hor stated this has produced”enormous research chances for everybody”.”I think this is a massive challenge for you, for us and for everyone in the world … I think this is where the developments have to come and play a really key role,”said Prof Hor.”The Singapore experience is quite clear. Number one, this is where the complete system needs to come together

, and of course, organisational cooperations and cooperations becomes key,” said Prof Hor.