Singapore Plans $3.7 Billion Fund For Clean Energy Transition
- Investment in submarine cables, grid infrastructure needed
- Some 95% of electricity in the city-state is from natural gas
Buildings in the central business district in Singapore.
Photographer: Nicky Loh/BloombergThis article is for subscribers only.
Singapore is setting up a S$5 billion ($3.7 billion) fund to invest in clean energy technology and infrastructure as it works toward net zero emissions by 2050.
The so-called Future Energy Fund will “put us in a better position to move quickly on critical infrastructure and enhance our security in clean energy,” Deputy Prime Minister Lawrence Wong said in parliament Friday.