Singapore's Progress on COP28 Pledges on Transitioning Away from Fossil Fuel, Increasing Renewable Energy Capacity and Improving Energy Efficiency
- Singapore has committed to net-zero emissions by 2050 and is implementing measures like a rising carbon tax, expanding solar capacity, and securing low-carbon electricity imports from regional partners.
- The government is exploring advanced low-carbon technologies, including hydrogen, ammonia, and carbon capture, while updating regulations to support these alternatives and improve energy efficiency.
- At COP28, Singapore co-facilitated key negotiations and signed global pledges to triple renewable energy and double efficiency by 2030, while maintaining a cautious stance on nuclear energy pending further technological developments.
- Singapore plans to engage regionally and globally to encourage the transition from fossil fuels, leveraging its financial sector to support climate action in neighbouring countries.
- The government is progressing on climate reporting and updated commitments, with a focus on whole-of-nation efforts and leveraging R&D to stay ahead in the energy transition.