Committee of Supply 2025 debate, Day 1: Teo Chee Hean on securing Singapore’s future as ‘climate realists’
Singapore is on track to meet its 2030 target to reduce emissions, said Senior Minister Teo Chee Hean. Mr Teo, who is also Chairman of the Inter-Ministerial Committee on Climate Change, highlighted clean energy as an area that has seen progress. It has pushed hard on solar - at the end of last year, it achieved its goal of 1.5-gigawatt peak of solar deployment by 2025. This puts Singapore on track to meet its target of at least two gigawatt-peak of solar deployment by 2030. Mr Teo told parliament on Friday (Feb 28) that in the transition to a low-carbon future, Singapore will have to explore multiple pathways to find the right mix. This is why the government is topping up S$5 billion to the Future Energy Fund to make critical infrastructure investments and support solutions that are the most appropriate. The government’s measures constitute a holistic set of decarbonisation efforts that maximise what is currently possible domestically, technologically and economically, said Mr Teo. Turning to the threat of rising sea levels, Mr Teo said around S$100 billion would be needed in the coming decades and the government is putting aside S$5 billion in this Budget for the Coastal and Flood Protection Fund. Nature is setting the timeline, he warned, and as “climate realists”, Singapore wants to secure its future by doing its part to reduce emissions and protect itself from the effects of climate change.
Singapore is on track to meet its 2030 target to reduce emissions, said Senior Minister Teo Chee Hean. Mr Teo, who is also Chairman of the Inter-Ministerial Committee on Climate Change, highlighted clean energy as an area that has seen progress. It has pushed hard on solar - at the end of last year, it achieved its goal of 1.5-gigawatt peak of solar deployment by 2025. This puts Singapore on track to meet its target of at least two gigawatt-peak of solar deployment by 2030. Mr Teo told parliament on Friday (Feb 28) that in the transition to a low-carbon future, Singapore will have to explore multiple pathways to find the right mix. This is why the government is topping up S$5 billion to the Future Energy Fund to make critical infrastructure investments and support solutions that are the most appropriate. The government’s measures constitute a holistic set of decarbonisation efforts that maximise what is currently possible domestically, technologically and economically, said Mr Teo. Turning to the threat of rising sea levels, Mr Teo said around S$100 billion would be needed in the coming decades and the government is putting aside S$5 billion in this Budget for the Coastal and Flood Protection Fund. Nature is setting the timeline, he warned, and as “climate realists”, Singapore wants to secure its future by doing its part to reduce emissions and protect itself from the effects of climate change.
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