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As we continue to advance Singapore's 2050 net-zero goals, we will seek innovative solutions to overcome our land, manpower, and energy constraints, while also charting new paths for our businesses and supporting our workforce’s aspirations.
We will focus our efforts on:
- Decarbonising our energy mix by realising our electricity import projects, maximising our domestic solar potential, and exploring low-carbon alternatives and solutions
- Sustaining investments in research and innovation
- Investing in our workers
- Enhancing land productivity
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| We will achieve these through the following initiatives: |
- Implementation Agreements (IA) on carbon credits cooperation aligned with Article 6 of the Paris Agreement
- Request for Proposals to procure Article 6 compliant carbon credits
- Low-Carbon Technology Translational Testbed
- Future Energy Fund top-up
- Centre for Energy and Emissions Modelling’s modelling system for national decarbonisation
- Refresh of A*STAR’s biomedical research infrastructure
- New biopharma manufacturing R&D programmes to enhance cell therapy and development
- Continuing Education Training degrees for in-employment diploma holders in Manufacturing roles
- Conclusion of tech and innovation talent exchange agreements with Indonesia and Vietnam
- Extension of the Land Intensification Allowance
- Flexible Lease Extension Initiative
- Earlier lease renewal application period at 10 years before lease expiry, from six years previously
- Broadened definition of plant and machinery investments
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For more information, visit:
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