The Ministry of Trade and Industry (“MTI“) and the Energy Market Authority (“EMA“) are conducting a public consultation on the Energy (Resilience Measures and Miscellaneous Amendments) Bill (“Bill“). In line with MTI and EMA’s programme to transition Singapore’s electricity generation to low-carbon generation sources, the Bill sets out proposed amendments to the EMA Act, the Electricity Act, and the Gas Act, to empower EMA to require electricity generation licensees to reduce greenhouse gas emission standards and to introduce provisions that will ensure the sustainability, security, and reliability of the power sector. These changes may affect how businesses in the energy industry will have to operate in the future, and the emission standards that they may be held to.
This Update highlights the key features of the Bill. Feedback on the Bill should be submitted to MTI and EMA by 16 September 2021. Corporations affected by the proposed changes in the Bill may touch base with our Sustainability team with regarding to assistance in providing feedback.
For more information, click here to read the full Legal Update.
