Energy, Water and Environment
Singapore wants to be climate neutral and has committed to complete neutrality by 2050. This is a big step for the “little red dot” and the journey they are facing is challenging, since Singapore is at a disadvantage with limited availability of alternative energy sources.
Singapore expects to spend 500 billion DKK on climate adaption over the next 100 years, and have already set aside the first 25 billion DKK for securing the coastline. The transition is led by the Green Plan 2030, which contains a long list of initiatives including reducing the energy-use in buildings, planting one million new trees, improving waste management, making schools more carbon neutral, creating new food production, outfacing diesel-engine cars and putting up 60.000 charging stations for electric vehicles.
The city-state is also investing heavily into securing access to green energy. Singapore needs around 14 GW to run the country of which 95 per cent currently comes from fossil fuels.
If you
are interested in exploring business opportunities arising from Singapore’s
green transition, contact our Sector Specialist and Team Leader for Energy, Mark Perry.
Mark Perry
Sector Specialist and Team Leader for Energy
E-mail: [email protected]
Phone: (+65) 6506 0276
LinkedIn: Mark Perry | LinkedIn