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Joint Message
Energy is fundamental to powering Singapore’s economy: it underpins the daily needs of households, businesses and industries. At EMA, we are committed to managing the transition towards a more resilient, sustainable, and competitive energy future amid an evolving global energy landscape.
Power generation accounts for around 40% of Singapore’s carbon emissions. For Singapore to achieve net zero carbon emissions by 2050 will require transformative change in the power sector. How we manage and regulate energy markets and develop our energy infrastructure may have to change, in order to support decarbonisation, while ensuring energy security and keeping costs down.
Energy Transition Measures and Other Amendments Bill
In September 2024, the Energy Transition Measures and Other Amendments Bill was passed in Parliament. The Bill aimed to introduce guardrails for the electricity market, strengthen EMA’s ability to regulate the power sector and establish the Future Energy Fund.
New Playbook to Guide Singapore Businesses on Reducing Emissions
Recognising the vital role that businesses play in Singapore’s decarbonisation efforts, we collaborated with Enterprise Singapore and the Energy Research Institute at the Nanyang Technological University to develop a playbook to guide Singapore businesses in reducing their Scope 2 carbon emissions. The playbook outlines near- and long-term strategies for enhancing energy efficiency and reducing electricity-related carbon emissions.
