The Singapore Government's injection of $5 billion into the Future Energy Fund in 2025 underscores the country's strong commitment to drive the energy transition and ensure a more sustainable future. This investment decision not only reflects Singapore's emphasis on clean energy and sustainable development, but also provides strong support for future energy infrastructure construction and technological innovation.

"This investment will help build critical infrastructure and ensure that Singapore remains at the forefront of clean energy innovation," said Deloitte Southeast Asia Sustainability and climate Tax leader Wong Ming-Yiu. He further noted that the funding will encourage relevant companies to actively participate in building a greener Singapore. Mr Wong's remarks highlight Singapore's forward-thinking and innovative approach to the energy transition.

Sanjeev Gupta, EY's head of energy and commodity markets for Asia Pacific, similarly praised the investment. He believes that the critical infrastructure supporting the energy transition will not only ensure the supply of clean energy, but also foster innovation and technological advancements that will breathe new life into Singapore's energy future. Elis Tan, executive director of BDO Singapore, also said that injecting capital into critical infrastructure such as undersea cables and hydrogen terminals will make Singapore stand out in the clean energy sector, while ensuring long-term energy security and resilience.

Yoon Young Kim, president of Schneider Electric's Singapore and Brunei cluster, puts the importance of the investment in a different light. Increasing the size of the Future Energy Fund will help Singapore plan ahead for the expected increase in business demand for energy efficiency technologies, he said. Kim expects this to boost investment in new technologies that will significantly reduce Singapore's carbon emissions. More importantly, this initiative sends a clear signal to the global business community that Singapore is committed to going green in energy and is willing to put its money where its mouth is. Editor/Xu Shengpeng