{
  "id": 16742464,
  "title": "Policy reforms needed to decarbonise Singapore’s industrial heating: report",
  "url": "https://urgent.news/2026/10/27/policy-reforms-needed-to-decarbonise-singapores-industrial-heating",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T11:52:17.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/esg/policy-reforms-needed-decarbonise-singapores-industrial-heating-report"
  },
  "original_language": "en",
  "account": "Singapore's industrial sector consumes 40% of the nation's electricity and accounts for 90% of domestic natural gas consumption, primarily used for heating processes. To decarbonise the sector, the Sustainable Energy Association of Singapore (SEAS) recommends electrifying industrial heating, with the country aiming to import 6 GW of low-carbon electricity from neighboring countries. While some industrial heating processes are already electrified, 95% of Singapore's energy mix still derives from natural gas. SEAS proposes a tariff reform road map and a government-funded feasibility study programme to encourage the necessary transition. The report notes that commercial technologies for electrifying low and medium-temperature heat processes exist, but the market has not yet shifted due to insufficient incentives, such as competitive electricity pricing, accessible financing, and clear regulatory signals against fossil lock-in. Transitioning to electrified heating processes would benefit Singapore by improving energy resilience, reducing dependence on imported natural gas, and positioning the city-state to leverage cleaner renewable energy sources as the grid decarbonises. This shift is not only a climate imperative but also a foreign direct investment retention question, as multinational companies operating in Singapore's industrial base may seek locations with more favourable energy policies.",
  "summary": "Electrification policy is a ‘foreign direct investment retention question’, says industry association",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}