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Walking the energy tightrope: Can Singapore achieve both energy security and net-zero?

Jovi Ho
Jovi Ho3/17/2022 4:29 PM GMT+08  • 18 min read
Walking the energy tightrope: Can Singapore achieve both energy security and net-zero?
By importing renewable energy from abroad, can Singapore achieve energy security without compromising on its net-zero goal?
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A year after announcing the Singapore Green Plan 2030, Finance Minister Lawrence Wong doubled down on the republic’s path to net-zero emissions in his Budget 2022 speech.

Two headline figures stand out: $35 billion in green bonds issued by the government and statutory boards and the raising of carbon taxes from $5 per tonne of emissions to up to $80 per tonne by 2030.

Wong’s announcement in March also commits Singapore to achieve net-zero emissions by or around 2050.

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