News

Singapore-based startup Pyxis launched solar-powered electric boats that help reduce costs for river cruise operators and feature Vehicle-to-Grid (V2G) technology to supply low-carbon power, advancing maritime decarbonization.

Singapore’s Minister for Manpower and Second Minister for Trade and Industry announced that Singapore has signed carbon credit transfer agreements with three countries to fulfill its Nationally Determined Contributions (NDCs) under the Paris Agreement.

Singapore's current energy mix does not include nuclear power, but it has not ruled out the possibility of adopting nuclear energy in the future.

Vietjet Air has recently been embroiled in controversy. The airline's promotional campaign launched in Singapore has also drawn criticism. The campaign was accused of making misleading environmental claims and was subsequently ordered to be taken down.

Singapore has developed a 3D printing technology that not only produces concrete with better carbon sequestration capabilities but is also stronger and more durable than traditional materials.

The electric vehicle charging station market in Singapore is undergoing significant changes. Some operators are opting to divest, with one company acquiring three competitors and over 140 charging points in one go.

Singapore’s sustainable finance taxonomy is aligned with those of the EU and China after it was launched at the end of last year. This alignment will serve as a framework for investors to assess green economic activities across these three regions.

Singapore government announced the conditional approval for the import of low-carbon energy from Australia, giving the green light to a 4,300-kilometer undersea cable project connecting the two countries.

Singapore announced that the second phase of the project will expand, with plans to import an additional 100 MW of electricity from Malaysia. However, unexpectedly, this electricity may not necessarily be renewable.

Starting this year, Singapore has increased its carbon tax to SGD 25 per ton (about 19 USD) and announced plans for further increases, aiming to encourage companies to accelerate their carbon reduction efforts.