The Energy Transition in Singapore – Way Forward & Financing a More Sustainable Power Sector

The power sector in Singapore accounts for about 40% of the country’s carbon emissions. In light of Singapore’s 2050 Net Zero Target, reducing the power sector’s emissions will be critical to achieve this goal. However, this does not come without challenges. Singapore will still need to maintain a secure, reliable and sustainable power system in an increasingly unpredictable geopolitical environment. Additionally, mobilising around $3.5 trillion a year of capital investment to achieve a net-zero economy between now and 2050 won’t come without its risks.