ingapore is committed towards our sustainability goals, a journey which would not be possible without the strong partnership of the private sector.
2019 is designated as the Year Towards Zero Waste, and we will step up efforts to move towards a circular economy and zero waste. An inaugural Zero Waste Masterplan will be launched this year, to chart Singapore’s adoption of a circular economy approach to sustainable waste and resource management. In support of our drive towards water self-sufficiency, we are stepping up efforts to encourage the recycling of industrial waste water.
Singapore has also made bold steps in our pursuit of decarbonisation, particularly through the adoption of renewable energy and industrial energy efficiency measures. In addition to ongoing efforts to adopt solar on rooftops, we recently announced efforts to develop two world-scale floating photovoltaics projects on our reservoirs, including a 100 MWp project at Kranji reservoir and a 50 MWp project at Tengeh reservoir. We also launched one of the world’s largest sea-based floating photovoltaic systems near Singapore’s northern shores. These projects will significantly increase the supply of renewable energy in Singapore. To achieve Singapore’s pledge to reduce emissions intensity by 2030, we are prepared to spend more than $1 billion over the next five years (2019-2023) to support businesses in undertaking projects that deliver necessary emissions abatement, such as through energy efficiency improvements.
These efforts and projects are just some of the ways in which the public and private sectors can work together to make Singapore’s economy more competitive in an increasingly carbon-constrained world. As we continue our shift towards an innovation-led economy, we invite you to join us in the battle against climate change, while also enhancing Singapore’s position as a place for companies to innovate, test-bed and develop sustainable solutions for the region and beyond.
We are pleased to extend our continued support for the Singapore Environmental Industry Directory, to connect businesses with opportunities within this growing sector, and to create a more liveable and sustainable Singapore for generations to come.
Mr Chng Kai Fong
Singapore Economic Development Board