Budget 2022: New net zero emissions target a bold move that will create jobs

SINGAPORE has decided to move decisively and fast-forward its ambition to achieve net-zero emissions by or around mid-century in a bid to sharpen its competitive edge and capture growth opportunities in the green transition.

In his Budget speech on Friday (Feb 18), Finance Minister Lawrence Wong said Singapore is on track to achieving its 2030 target.

While the country is disadvantaged given its lack of natural renewable energy sources, green technologies have been improving rapidly and alternative low carbon solutions and hydrogen are starting to look more plausible.