Singapore launches S$143 million initiative to develop industrial decarbonisation technologies
The initiative will support the development of technologies to tackle key decarbonisation challenges, with up to S$100 million set aside for industry-led research.
Singapore has introduced a S$143 million (US$112 million) initiative to bolster industrial decarbonisation technologies. The Industry Decarbonisation Funding Initiative, announced by Deputy Prime Minister Gan Kim Yong at the Singapore Industry Decarbonisation Forum, aims to tackle significant challenges in decarbonising the manufacturing sector, which contributes around 20% of the nation's GDP and employs an eighth of its workforce.
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