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METI minister Tan See Leng also unveiled plans to triple battery storage, a S$75 million fund for cleaner power generation, approval for a 1.3GW renewable import project to Sembcorp and a deal to store Saudi crude oil in Singapore's underground caverns.
Countries’ climate plans deliver at most a third of the emissions cuts needed by 2035, and every five years of emissions at current levels raises peak warming by around 0.1°C, the UN Environment Programme’s Emissions Gap Report finds.
Rising electricity demand from data centres is putting pressure on the country to expand generation and grid capacity, but shorter-term commitments from some operators could make it harder to recover the cost of those investments, said the country’s energy regulator.
Companies are consolidating, automating production and shifting workers away from factory floors toward sales and advanced products.
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