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Singapore’s cross-border deal reveals obstacles of ASEAN power grid
Market

Singapore’s cross-border deal reveals obstacles of ASEAN power grid

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.

September 24, 2024

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Singapore’s cross-border deal reveals obstacles of ASEAN power grid
Market

Singapore’s cross-border deal reveals obstacles of ASEAN power grid

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.

September 24, 2024
Singapore companies face 'minimal impact' from carbon tax hike: Survey
Market

Singapore companies face 'minimal impact' from carbon tax hike: Survey

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.

September 18, 2024
Singapore to mandate 10% energy cut for large buildings starting 2025
Regulation

Singapore to mandate 10% energy cut for large buildings starting 2025

To reduce the carbon emissions of buildings, the Singapore government has implemented mandatory measures. Starting from the third quarter of next year, high-energy-consuming large buildings in Singapore must adopt energy-saving measures.

September 13, 2024
Singapore startup's immersion cooling technology halves data center energy consumption
Technology

Singapore startup's immersion cooling technology halves data center energy consumption

Data center startup Sustainable Metal Cloud has introduced an immersion cooling system that reportedly slashes energy consumption by 50% and reduces installation costs by 28% compared to traditional liquid cooling systems.

August 28, 2024
Singapore firms turn to EV, clean cookstoves carbon credits from Ghana
Regulation

Singapore firms turn to EV, clean cookstoves carbon credits from Ghana

To reduce carbon tax expenditures, Singaporean companies, under government encouragement, have begun focusing on developing carbon credits in Ghana.

August 26, 2024
Experts propose regulatory approaches to accelerate banks to phaseout coal
Finance

Experts propose regulatory approaches to accelerate banks to phaseout coal

Recent surveys show that Singapore banks have failed to honor their commitments to stop financing coal-fired power plants. Specifically, DBS Bank, UOB, and OCBC Bank were found to have provided up to $2 billion to the coal industry.

August 14, 2024
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