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SINGAPORE : Industry watchers say Asia's renewable energy market will be worth some US$50-55 billion over the next 5 to 10 years. 

And emission trading in the region could start to gain traction as policy makers focus on developing a definitive agreement to fight climate change. 

The awareness around climate change and emissions reduction is building up. And experts say Asia holds a huge potential for the development of renewable energy projects. 

Read more: Carbon trading could start to gain traction in region: experts

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Tan Yong Soon, Singapore's Permanent Secretary for Climate Change, recently declared global climate change to be "one of the most important and pressing challenges facing the international community."

Speaking at the conference on EU and Asian Policy Responses to Climate Change and Energy post Copenhagen, held July 26th, 2010, at the Institute of Southeast Asian Studies, in Singapore, the Secretary acknowledged Singapore's vulnerable position as a small and low-lying island, where any rise in sea-level and temperatures can have significant consequences.

Read more: Singapore Is Serious About Climate Change

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SINGAPORE : Four Singapore organisations have bagged top awards at the 2010 ASEAN Energy Awards. 

Convened annually, the ASEAN Energy Awards recognise efforts by enterprising ASEAN companies to integrate renewable energy and energy efficient solutions in their projects. 

One winner is IUT Singapore Pte Ltd, which innovatively burns food waste to generate renewable energy. 

Electricity produced is used to power the plant. 

The excess electricity is exported into Singapore's power grid. 

Read more: Four Singapore companies bag top ASEAN awards for energy-saving solutions

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