He Ting Ru on Energy Transition Measures and Other Amendments Bill

The proposed Future Energy Fund is a key piece of Singapore’s strategy to secure its energy future and meet its 2050 net-zero objective, said MP He Ting Ru. It aims to catalyse the development of clean energy infrastructure in the region, to secure low-carbon energy supplies for Singapore. Such projects typically face high upfront capital expenditure and can be exposed to commercial or geopolitical risks. In Parliament on Monday (Sep 9), Ms He asked several questions about the fund. On implementation, she was concerned about potentially lengthy commissioning times, the failure or early termination of projects, and scenarios where the fund could end up supporting fossil fuel projects. On accountability, she wanted to know which Government agency will be the fund manager and how success will be measured. Ms He also noted that Singapore’s total energy demand is likely to keep rising - for example, in light of the country’s artificial intelligence ambitions. She repeated an earlier call for solar panels to be made mandatory on commercial and residential buildings with few exceptions, to not only cut emissions and electricity costs but also provide options in Singapore’s energy security.