News

The infrastructure unit of global asset manager Keppel Cooperation will supply electricity to the Singapore operations of semiconductor manufacturing giant GlobalFoundries under a multi-year agreement, the group said on Jan 9.

Singapore’s gas and electricity prices have risen due to the impact of higher carbon tax, goods and services tax (GST) increments, and rising energy costs.

Singaporean financial service group Oversea-Chinese Banking Corp. (OCBC) has partnered with Japan’s investment firm Mercuria Holdings to create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia.

Singapore is leading other Southeast Asian countries by releasing its first government sustainability report. Besides carbon reduction achievements, the government has announced the gradual elimination of single-use items.

The Singaporean and Japanese governments have signed a MoC to establish the first Singapore–Japan Green and Digital Shipping Corridor (GDSC).

CLIMATE Impact X has secured investment from Japan’s Mizuho Financial Group, which will collaborate with the Singaporean carbon exchange to meet the growing demand for international carbon credits among Japanese companies.

Singapore continues to expand the electrification of its public bus fleet, with the Land Transport Authority (LTA) announcing a new investment of 164 million SGD for electric buses last Saturday.

According to a study released by the Competition and Consumer Commission of Singapore (CCCS) on Nov. 16, about half of online products made vague claims of being "eco-friendly" without providing supporting details.

Singapore is implementing the “30 by 30” initiative to reduce reliance on imports and ensure food security amidst climate change.

Offsetting carbon footprint couldn’t be simpler. Changi Airport has launched a new service on its website and cell-phone application for passengers to calculate the carbon emissions and allow credit card to offset them by supporting forest-planting.