Singapore Clean Energy Road Map

As climate change becomes more apparent, the Singapore government continues to emphasize clean energy, reducing the reliance on natural gas and potentially introducing green hydrogen. Currently, natural gas makes up around 95% of Singapore’s electricity generation, and the government aims to reduce it to 50% by 2035 and achieve a net-zero economy by 2050.

The country also aims to boost solar capacity to 2GW to 4GW of interconnections to import clean electricity from neighboring countries like Vietnam and Indonesia, which is in line with its green plan. Renewable generation is projected to increase from 4% in 2022 to 40% by 2035.

To encourage the transition towards clean energy, the Singapore government is doing the following: 
•    Create a new energy fund with initial capitalization of US$3.7 billion to build the necessary infrastructure.
•    Invest in the development and expansion of Jurong Petrochemical Island as a clean fuel hub.
•    Introduce a National Hydrogen Strategy to develop hydrogen as a decarbonization pathway.

With Singapore’s space constraints and lack of domestic potential for clean energy such as wind and tidal power, the government encourages low-carbon electricity imports. Singapore is also considering the possibility of adopting nuclear energy in the future, so the government plans to train up to 1000 personnel in scientific and engineering research relating to nuclear energy while attracting industrial partners for the future development of a carbon-free and climate-resilient industrial infrastructure.

For more information, contact Trade Specialist, Mr. CHAN Yiu Kei.