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Singapore is accelerating climate action and supporting sustainability efforts across Asia
Achieve net zero emissions by 2050
Reduce emissions to 60 MtCO2e after peaking emissions earlier
Catalyse business transformation
Invest in low-carbon technologies
Pursue effective international cooperation
Adopt low-carbon practices
Source: National Climate Change Secretariat Singapore, Infographic on Charting Singapore’s Net Zero Future
Being in the heart of Asia, Singapore is well-placed to support the region’s low-carbon transition. Find out how businesses are using Singapore as a springboard to capture green growth opportunities in Asia.
Aside from a business-friendly environment, Singapore offers additional support to companies who share our commitment to sustainability. This includes sustainability grants, access to green energy, and connections to a vibrant network of players across the value chain.
Financial support
Green power
Sustainability services providers
Research & innovation partners
Singapore offers sustainability grants, incentives and schemes for businesses to be best-in-class globally in terms of energy and carbon efficiency.
Singapore has paced the carbon tax increase in consultation with the industry and will channel the revenue collected from carbon tax to support companies towards decarbonisation. The expected carbon tax revenue of about S$1 billion in the first five years will develop projects that support emissions abatement and the low-carbon transition.
Resource Efficiency Grant for Energy (REG(E))
Administered by EDB, this sustainability grant encourages improvement in energy efficiency of manufacturing facilities and data centres.
Investment Allowance for Emissions Reduction
The investment allowance is granted on capital expenditure incurred for energy-efficient or green data centre projects.
Contact EDB for more information
Water Efficiency Fund (WEF)
A fund supporting companies with implementation of water recycling systems, adoption of innovative technologies for water conservation, or conducting of studies to identify water saving opportunities.
Energy Efficiency Fund
Companies that adopt energy-efficient technologies to build capabilities and decarbonise early can receive up to 70 per cent of qualifying costs.
Low-Carbon Energy Research Funding Initiative (LCER FI)
An initiative to accelerate the development of viable low-carbon energy technologies in Singapore, the LCER FI was introduced in 2021.
Learn more on the A*STAR website
While about 95 per cent of Singapore’s electricity comes from natural gas – the cleanest form of fossil fuels, Singapore recognises the need to incorporate greener forms of electricity into our energy mix.
Businesses can tap solar energy sources – with accelerated deployment of solar panels around Singapore, we are set to increase our solar capacity to at least 2 gigawatt-peak (GWp) by 2030.
Singapore is also reaching out to regional power grids to access cleaner energy sources beyond our borders. Businesses will be able to connect to up to 4 gigawatts of imported low-carbon electricity by 2035, which will make up around 30 per cent of Singapore’s projected power electricity supply then. At the same time, Singapore is exploring low-carbon alternatives such as hydrogen in the longer term.
Learn more about Singapore's energy story
Singapore offers businesses easy access to a suite of expert services – from low-carbon advisories helping companies to develop climate strategies, to services that originate, finance and trade carbon credits – that support companies’ low-carbon transition at every step in their journey.
Learn more about carbon services and trading in Singapore
Businesses can partner leading research institutes in Singapore to create and pilot emerging low-carbon solutions. Potential partners include:
Nationwide initiatives involving the public sector, private sector, and individuals are in place, driving us towards a greener future. They reflect Singapore’s commitment to climate action, outlining long-term goals and action plans to overcome our constraints for a net zero future.
A whole-of-nation movement that lays out concrete targets and demonstrates Singapore’s commitment to the UN 2030 Sustainable Development Agenda and Paris Agreement.
We are well-positioned as a key player in a strong green finance ecosystem. Launched in 2019 by the Monetary Authority of Singapore (MAS), GFAP supports mainstreaming green and sustainable financing as well as the establishment of green finance centres of excellence.
Low-carbon hydrogen holds the potential to be a major decarbonisation pathway to support our transition towards net zero – hydrogen will potentially supply up to half of our power needs by 2050.
To complement and diversify our power mix alongside solar and imported electricity, Singapore is rapidly preparing for hydrogen deployment domestically, infrastructure development, and strengthening the hydrogen supply chain in Asia.
Singapore is committed to sustainability issues on a global level. We actively participate in efforts such as the Powering Past Coal Alliance (PPCA), Greening Government Initiative (GGI), and Agriculture Innovation Mission for Climate (AIM4C).
The green transition will require regional effort and collaboration. The ASEAN energy mix is gradually shifting, with an aim to increase renewable energy components from 2020’s 14 per cent to 23 per cent by 2025.
Well-placed in the heart of Asia, we are working closely with other countries to make the region greener. We have:
The Singapore Carbon Market Alliance (SCMA) is the first platform in Singapore focused on high-integrity carbon credits that are aligned with Article 6 of the Paris Agreement – and the latest initiative to increase Singapore’s leadership as a regional node for carbon services and trusted carbon markets.
A joint initiative by the Singapore Economic Development Board (EDB) and IETA (formerly the International Emissions Trading Association), the SCMA directly connects leading international suppliers and enablers of carbon markets to Singapore-based corporates with a demonstrated commitment to sustainability and interest in high-quality carbon credits.
Uncover Singapore’s vibrant sustainability ecosystem in this interactive map, which offers a snapshot of sustainability initiatives, companies, events, and business opportunities here.
Click on the icons to read more about each location.
