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

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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