Singapore will allocate a sizable part of its 2021 budget to a series of sustainability measures, aiming to help tackle the climate emergency. The Singaporean government will issue green bonds on select public infrastructure projects aimed at sustainable development in the city-state, with up to $19 billion worth of eligible projects already identified. The government also aims to cut transport emissions by increasing the petrol duty, and to incentivise early adoption of electric vehicles (EVs). The country plans to deploy 60,000 EV charging points at public car parks and private premises by 2030, and will set aside S$30 million for EV-related initiatives over the next five years. To continue supporting technology adoption in the agri-food sector, Singapore will also allocate $60 million to a new Agri-Food Cluster Transformation Fund.

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CNA