Singapore to Pursue Balanced Decarbonisation Without Compromising Energy Security or Livelihoods

SINGAPORE: The Republic will continue advancing decarbonisation but not at the cost of energy security or livelihoods, said Minister-in-charge of Energy and Science and Technology Dr Tan See Leng. Speaking at the 17th Singapore Economic Policy Forum, Dr Tan emphasised that Singapore must remain pragmatic and adaptable in achieving its low-carbon goals.

Balanced Decarbonisation

He cautioned that pursuing aggressive carbon cuts without regard for affordability could harm business competitiveness, noting that Singapore’s carbon tax of S$25 per tonne is already the region’s highest. The government, he said, is focused on building a resilient and diversified energy mix through electricity imports, low-carbon technologies, and sustainable infrastructure.

Singapore plans to import up to 6 gigawatts of low-carbon electricity by 2035, while also investing in carbon capture, hydrogen, geothermal, and advanced nuclear technologies. Public funds will be deployed to de-risk early low-carbon projects and attract private investment. Dr Tan stressed that decarbonisation must align with Singapore’s long-term economic and energy interests.

Business News