How the SG Green Plan 2030 is Shaping a Greener Future
Singapore's Green Plan 2030
Singapore’s Green Plan 2030: The Bold Move Towards a Greener Future
Singapore is making moves, and no, we’re not just talking about a new bubble tea trend. The Singapore Green Plan 2030 is the government’s big, bold step toward sustainability, and let’s be real—it’s about time. But what does this mean for businesses, individuals, and, most importantly, the way we power up our daily lives? Let’s dive in.
What is the SG Green Plan 2030?
Launched in 2021, the Singapore Green Plan 2030 outlines the nation's roadmap to achieving sustainable development and net-zero emissions. The plan encompasses five key pillars:
- City in Nature: Enhancing urban environments with more green spaces.
- Sustainable Living: Promoting eco-friendly habits among citizens.
- Energy Reset: Transitioning to cleaner energy sources.
- Green Economy: Fostering sustainability-driven economic growth.
- Resilient Future: Strengthening climate resilience and adaptive capacity.
Specific, measurable targets support these pillars to ensure accountability and progress.
What Are the Main Factors Affected by the SG Green Plan 2030?
The Green Plan introduces significant changes and goals across various sectors:
- Energy ⚡️– A major push towards renewables and reducing reliance on fossil fuels. Expect to see more solar panels, energy-efficient buildings, and sustainable power solutions. Singapore is aiming to quadruple solar energy deployment by 2025, targeting a capacity of 2 gigawatt-peak by 2030, which will constitute about 3% of Singapore's projected electricity demand (Source: greenplan.gov.sg). **
- Transport 🚗 – The move towards electric vehicles (EVs) will ramp up, with more EV charging stations, incentives for EV adoption, and fewer petrol-powered cars on the road. The plan mandates that all new car registrations be cleaner-energy models from 2030, with plans to deploy 60,000 EV charging points nationwide by 2030 (Source: greenplan.gov.sg).
- Green Buildings 🏢 – Stricter sustainability standards for new and existing buildings, with a focus on reducing energy consumption and increasing eco-friendly materials. 80% of buildings (by Gross Floor Area) is expected to be green by 2030, with new buildings achieving Super Low Energy standards (Source: greenplan.gov.sg).
- Sustainable Living 🌿 – Encouraging Singaporeans to adopt greener habits such as waste reduction, recycling, and the use of energy-efficient appliances. The plan aims to reduce household water consumption to 130 liters per capita per day by 2030, a 10% decrease from current usage (Source: greenplan.gov.sg).
- Carbon Living 💨 – Nationwide initiatives to cut down on emissions, including tighter regulations on businesses and carbon taxes to encourage greener operations. Singapore targets a 30% reduction in waste sent to landfills by 2030, with an interim goal of 20% by 2026 (Source: greenplan.gov.sg).
How Does It Affect Stakeholders, Especially Singaporeans?
If you live, work, or run a business in Singapore, the Green Plan is coming for you (in a good way).
Businesses 💼
Companies will need to adapt to stricter sustainability standards, which may involve initial investments in green technologies. However, government incentives and a growing eco-conscious market present opportunities for innovation and growth. One such incentive is the Sustainability Reporting Grant (SRG), which help businesses develop their first sustainability reports aligned with International Sustainability Standards Board (ISSB) guidelines. This grant is in preparation for mandatory climate-related disclosures in the near future, covering up to 30% (or S$150,000) of costs related to sustainability reporting (Souce: Enterprise Singapore).
Individuals 🙋🏻
Citizens can expect more accessible green transportation options, such as expanded EV infrastructure and improved public transit. Additionally, eco-friendly housing and community spaces will become more prevalent, promoting healthier lifestyles. An example of how individuals are benefitting from the SG Green Plan 2030 would be the introduction of Climate Vouchers. These vouchers allow every HDB household to offset up to S$300 when purchasing energy- and water-efficient products (Source: Climate Vouchers).
Community 🏘️
The SG Green Plan 2030 envisions an ambitious initiative to plant one million additional trees across the island, a move that underscores the nation's commitment to enhancing urban biodiversity and creating sustainable living environments. This large-scale tree-planting effort aims to transform urban spaces into cooler, greener communal areas, offering residents a respite from the tropical heat while simultaneously improving air quality.
The Energy Industry: A Big Shift Towards Renewables
Let’s talk energy—because that’s where the real transformation is happening. The Green Plan aims to increase solar adoption, explore regional power grids, and improve energy efficiency. What does this mean?
Solar Energy Expansion ☀️
By 2025, Singapore aims to quadruple its solar energy deployment, significantly increasing the share of renewables in the energy mix. The National Solar Repository of Singapore (NSR) tracks the solar photovoltaics (PV) activity in the country. You can head over to their website https://www.solar-repository.sg/ for updates on our current installed solar PV capacity, compared to Singapore's 2025 PV target.
Regional Power Grids 🔌
Plans are underway to import up to 6 gigawatts of low-carbon electricity by 2035, potentially accounting for 30-75% of Singapore's electricity needs by 2050 (Source: reuters.com). Such initiatives to support this vision include:
- Singapore is collaborating with countries like Australia and international organisations to develop a robust REC framework. Having a reliable system in place will help to boost confidence in cross-border electricity projects, encouraging investments in renewable energy across the region (Source: siew.gov.sg).
- The creation of an ASEAN regional power grid will stimulate investments in renewable energy projects, boost Southeast Asia's manufacturing sector for solar panels and batteries, and enhance regional energy connectivity.
Carbon Tax 🏭
The government has implemented a carbon tax, which will increase to S$25 per tonne of CO₂ emissions in 2025 and to S$50-80 by 2030. This tax will incentivise businesses to reduce their carbon footprint.
More businesses will be looking for greener energy providers (like us, wink), and fossil fuel-dependent industries will need to rethink their strategies. Renewable energy isn’t just the future—it’s the now.
How Flo is Affected (And How Our Clients Benefit)
Now, let’s bring it home. Flo was built for a future exactly like this. The Green Plan aligns perfectly with our mission of making renewable energy the norm, not the exception. As businesses scramble to meet sustainability goals, we make the transition easy with 100% renewable electricity, competitive pricing, and localised support. On top of that, we purchase regional RECs to match 100% of your electricity usage and redeem them on your behalf. A quarterly update on your REC redemption will be sent to you, so you can use them to make renewable energy claims. Whether it’s reducing carbon footprints or helping your business meet your sustainability goals, we’ve got it covered.
Conclusion: A Green Future is Happening—Are You In?
Singapore isn’t playing around when it comes to sustainability, and neither are we. The SG Green Plan 2030 is pushing businesses and individuals towards a cleaner, greener future, and Flo Energy is here to make that transition effortless. Ready to power up with renewable energy? Let’s talk.