Insurance Benefits For Cross-border Renewable Energy Infrastructure

Insurance Benefits For Cross-border Renewable Energy Infrastructure – The twin transitions of digitization and decarbonization are not mutually exclusive, but can actually be mutually beneficial. Singapore joins a growing list of countries looking to turn these parallel challenges into mutual opportunities, leveraging the need for digitization to meet pressing climate commitments.

According to the report Green Data: The Sustainable Data Center Opportunity for Singapore by AlphaBeta, today’s data centers create and support more than A$2 billion of Singapore’s annual GDP and indirectly enable up to 1.6 million jobs.

Insurance Benefits For Cross-border Renewable Energy Infrastructure

Which is based on cloud technology. However, Singapore’s two-year moratorium on data centers, which is in the process of being lifted and replaced by a new framework, raises concerns about how to ensure that the development of the data center industry is in line with Singapore’s sustainability goals

Data Residency Laws Frustrate Asian Banks’ Cross Border Activity

Recognizing that cloud data centers enable the achievement of climate ambitions, the Singaporean government has much to gain by continuing to work with the industry. At AWS, we believe that cloud technology has a key role to play in accelerating the digital transformation and green recovery of the economy. We are committed to making our own infrastructure more sustainable and accelerating sustainable transformation by providing cloud-based tools and services to help businesses and public organizations decarbonize and achieve more sustainable outcomes.

The AlphaBeta report analyzes the current economic and environmental contribution of Singapore’s data centers, as well as how the industry could develop under different scenarios between now and 2030. The “green growth” scenario presented in the paper shows a possible path to achieving economic results. success without compromising the goals of sustainable development.

According to AlphaBeta, the Singaporean government may consider four potential scenarios for the development of the data center industry by 2030. This includes adapting international best practices to support the country’s sustainable development goals without neglecting its digital ambitions. These scenarios are runaway growth, double decline, green but small and green growth.

The ideal scenario is a ‘Green Growth’ model that accelerates the strong expansion of Singapore’s data centers without compromising Singapore’s sustainability goals,” said Fraser Thomson, Director of AlphaBeta. “In this scenario, data center operators place more emphasis on sustainability, performance through utilization rates and energy efficiency at the cloud data center level with better computing power, lower PUE, full renewable energy for power needs and use of liquid cooling. This means that almost 9 times more VA and almost 3 times more jobs are possible, while reducing CO2 emissions by 90% compared to current levels. This green growth scenario is in line with Singapore’s intention to facilitate the allocation of new capacity in a sustainable manner, which will be critical to gradually increase the efficiency of the data center industry while supporting Singapore’s overall digital economy goals.

Urban Energy Solutions

Data-driven and cloud-enabled solutions, as well as major direct investment in clean energy and decarbonisation technologies from cloud service providers in Singapore, will be critical to Singapore’s goal of achieving net zero carbon emissions by 2050.

Energy efficiency is the first fuel to reduce CO2 emissions. AWS is constantly working to increase the efficiency of our facilities, and our scale allows us to achieve higher resource utilization and performance than typical on-premises data centers. In fact, moving computing workloads from on-premise data centers to the cloud could reduce the carbon footprint of driving Singaporean companies’ IT workloads by more than 76%, thanks to energy efficiency gains alone, according to 451 Research. AWS is also working to address the problem of embedded carbon in our new data centers. By reducing the cement content of our concrete and sourcing steel from arc furnace mills, we have already discovered that we can reduce the carbon content of our data center structures by at least 20%.

In addition to energy efficiency, Amazon’s goal is for the entire company’s operations to be powered by 100% renewable energy by 2030, and we are on track to reach this goal five years before 2025. In 2021, we invested in a solar project from Singapore’s 62MW Sunseap facility will generate 80,000 MWh of clean energy per year, enough to power more than 10,000 homes in Singapore. This is the first of many such investments we are making in Singapore, and we continue to do so across the region.

As we focus on reducing the carbon footprint of our customers’ IT workloads through sustainable infrastructure, cloud technology’s opportunities for sustainability innovation can further accelerate sustainability progress. In fact, a recent report by the International Energy Agency (IEA) has shown that while the potential for decarbonisation by cloud service providers such as AWS’s Climate Pledge is significant, one of the most transformative roles the cloud can play is to accelerate its own innovation process. This goes beyond tracking carbon emissions and optimizing resources to reduce the carbon footprint of IT workloads, to actually achieving sustainable results through cloud-based sustainability innovations. This includes, for example, the use of cloud-based technologies such as artificial intelligence (AI) or machine learning (ML) and real-time analytics to reduce aircraft fuel consumption by optimizing routes, save water by better managing public services and integrating renewable sources of aviation energy. network

Shocked Into Action

From an economic point of view, the green growth model means more than 20,000 new jobs in Singapore and an estimated economic output from data centers of A$20.7 billion by 2030. From an environmental point of view, it means a 90% reduction in carbon emissions towards balanced economic goals and sustainable development will in turn ensure that local data centers support Singapore’s strategic economic position as a global business center and distribution center for data center services, given that approximately 60% of data centers are in Asia Pacific. .

Cloud-based technologies such as artificial intelligence/machine learning, the Internet of Things (IoT) and edge computing will play a key role in accelerating large-scale systemic green digital transformations.

Highly ambitious cross-industry cooperation models from other jurisdictions, such as the European Data Center Climate Neutrality Pact, can serve as a model for developing and managing sustainable criteria for data center expansion in Singapore. This pact, developed in partnership with the European Commission, represents an industry-wide commitment to proactively lead the transition to a climate-neutral economy. The Asia-Pacific region, starting with Singapore, could benefit from similar collaboration between government and industry to achieve shared goals of promoting better data center performance, sustainability and inclusive growth for all, while contributing significantly to accelerating progress. towards Singapore’s goal of net-zero emissions for the entire economy.

[1] This figure of 1.6 million indirect jobs relates to approx. 25,000 jobs associated with the presence of physical data centers; 7,000 directly to DC and the rest in the DC supply chain; 496,000 jobs involving the transition from on-premises computing environments to cloud environments, as well as designing and refining new cloud and hybrid architecture patterns (usually in IT partners/sectors); and 1,175,000 jobs that involve the use of software-as-a-service (SaaS) cloud-based applications and tools (for example, finance tasks that require the use of cloud-based tools). Open Access Policy Institutional Open Access Program Special Issue Guidelines Editorial Process Research and Publication Ethics Article Processing Fees Prices References

Achieving Sustainable Energy Targets In Bangladesh

All articles published by are immediately available worldwide under an open access license. No special permission is required to reuse all or part of an article published by , including figures and tables. For articles published under the open Creative Common CC BY license, any part of the article may be reused without permission as long as the original article is clearly cited. For more information, see https:///openaccess.

Featured articles present the most advanced research with significant potential to make a major impact in this field. The article should be a substantially original article that covers several techniques or approaches, presents the outlook for future research directions, and describes possible research applications.

Selected articles are sent by invitation or individual recommendation from scientific editors and must receive a positive opinion from the reviewers.

Editor’s Choice articles are based on recommendations from scientific journal editors from around the world. The editors select a small number of articles recently published in the journal that they believe will be of particular interest to readers or important in a particular area of ​​research. The aim is to provide a snapshot of some of the most interesting articles published in the journal’s various research areas.

Malaysia Lifts Renewable Energy Export Ban, Move Welcomed In Singapore

Hazleen Aris Hazleen Aris Scilit Google Scholar 1, * , Iskandar Shah Mohd Zawawi Iskandar Shah Mohd Zawawi Scilit Google Scholar 2 and Bo Nørregaard Jørgensen Bo Nørregaard Jørgensen Scilit Google Scholar 3, *

This article is an extended version of our article published at the International Conference on Sustainable Energy and Green Technologies 2019, SEGT 2019, 9 January 2020, Volume 463, 2020.

Received: May 1, 2020 / Revised: June 26, 2020 / Accepted: June 30, 2020 / Published: July 8, 2020

Malaysia is in the process of further liberalizing its electricity supply sector (ESI) with another set of reforms announced in September 2018. If all goes according to plan, Malaysia will be the third country in the Association of Southeast Asian Nations (ASEAN) to have a full liberalized ESI in the Philippines and Singapore. There are many initiatives in the pipeline and many

Inflation Reduction Act Changes The Game For Energy

Renewable energy infrastructure fund, renewable energy for business, renewable energy benefits, renewable energy for houses, renewable energy sources benefits, renewable energy environmental benefits, accounting for renewable energy, renewable energy for businesses, renewable energy economic benefits, renewable energy for homes, benefits of renewable energy, renewable energy infrastructure

Leave a Comment