Overview

Due to climate change and pollution, the Government of Singapore and many companies strive to find and adopt environmentally friendly services and solutions.  Singapore has always strived to maintain a balance between development and conserving the environment.

Singapore is committed to reducing its Emission Intensity by 36 percent from 2005 levels by 2030 and stabilizing its greenhouse gas emission to peak around 2030.  Singapore has identified the following five Green Growth Opportunities to develop Singapore as a green growth hub.  Clean Technology, Test Bedding, Green ICT, Carbon Services and Climate Finance and Climate Risk Management.

Singapore has taken an innovative approach to solving its water scarcity challenges over the past five decades, virtually erasing the extreme scarcity challenges the country once faced.  Singapore has built a robust, diversified, and sustainable water supply from four water sources known as the Four National Taps – Water from 17 Local Catchment, Imported Water, 5 NEWater factories, and 5 Desalinated Water Reclamation plants.  With its integration of the water system and maximizing the efficiency of each of the four national taps, Singapore has overcome its lack of natural water resources to meet the needs of a growing nation.

The Singapore government also introduced a policy goal to become a Zero Waste Nation by 2030 in which diverting food waste from the disposal will need to play a significant role.

Units: $ millions
Source: IHS Markit

Leading Sub-Sectors

Singapore Green Plan 2030 charts ambitious and concrete targets to advance Singapore’s national agenda on five areas of sustainable development.  City in Nature: Target to develop over 130 hectares of new parks and enhance around 170 hectares of existing gardens.  Sustainable Living: Target to reduce the amount of waste in landfills per capita per day by 20%.  Energy Reset: Target to increase solar energy deployment by five-folds, reduce the energy consumption of the desalination process, reduce energy consumption in housing and encourage and support cleaner-energy vehicles.  Green Economy: Seeking new investments to be among the best in energy and carbon efficiency.  Resilient Future: Meet 30% of Singapore’s nutritional needs through locally produced food.

Opportunities

Singapore is positioning itself as a living lab for companies to develop, test and commercialize urban solutions in a real-life setting before exporting them globally.  One key area that Singapore Public Utilities Board is looking into is to reduce the energy involved in producing desalinated water or treated seawater. There are excellent opportunities for U.S. firms to sell smart water technologies and wastewater recycling equipment to the Singapore market.

The Singapore Government plans to support local companies to implement sustainability practices, integrated solutions and standards while seeking new business opportunities in sustainability as well as increasing the use of solar panels and energy storage solutions. The Green Plan is spearheaded by Singapore’s Ministries of Education, National Development, Sustainability and the Environment, Trade and Industry, and Transport.

Resources

Trade Shows

World Cities Summit

July 31 – August 3, 2022

BEX Asia

September 6-8, 2022

Singapore International Energy Week

October 25-28, 2022

Singapore International Water Week

April 17-21, 2023

Clean Enviro Summit Singapore

April 17-22, 2023

 

Singapore Government Offices

Ministry of Sustainability and the Environment

National Environment Agency

Public Utilities Board

Energy Market Authority

Building and Construction Authority

 

U.S. Commercial Service, Singapore Contact

Sherry Ng, Commercial Assistant

Email: Sherry.Ng@trade.gov