In this week's edition of The Business Times' 'Views From The Top' series, SIIA members Kwek Leng Joo, Ng Yong Hwee and Lothar Herrmann shared their opinions on how businesses can contribute to building a greener Singapore through the use of alternative energy and other environmentally friendly practices.
"Given Singapore's heat intensity, we see great potential in the use of solar panels in
generating clean energy that can be channelled into the building grid, thereby reducing
electricity consumption. The technological advancement of solar cells with higher efficiency and decreasing cost makes this technology more attractive today. The solar cell
applications may be optimised with the use of the energy-efficient LED lightings to
maximise savings in utility bills. High capital investment could be alleviated through bulk
purchases and amortised over a payback period."
-- Kwek Leng Joo, MD, City Developments Limited
"We need to promote the use of natural gas more aggressively as an alternative fuel [...] a gas water heater produces about 60 per cent less carbon footprint and can save a user up to 80 per cent in utility bill. City Gas has also recently introduced a hybrid solar cum gas central hot water system for businesses."
-- Ng Yong Hwee, President & CEO, City Gas Pte Ltd (as Trustee)
"...green products will have widespread market appeal if the procurement pays off economically. Take building technologies for example: Maintenance - not construction - accounts for some 80 per cent of the building's life-cycle costs. We have found that building upkeep alone uses 40 per cent of energy consumed in the EU. Current advanced building technologies from Siemens can cut this consumption by up to 40 per cent."
-- Lothar Herrmann, President & CEO, Siemens Pte Ltd
Please click the attachment below to read the full excerpts.