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Singapore

Singapore will ramp up plans to develop manpower for the clean energy industry, and will train over 2,000 specialists in the next five years.

Prime Minister Lee Hsien Loong said this at the opening of a new S$2.5 billion solar manufacturing facility - the largest clean tech investment ever made in Singapore.

Singapore identified clean energy as a major growth area for the economy in 2007. And it is committing some S$350 million to support this effort. 

Read more: S'pore to train more clean energy specialists, says PM Lee

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The idea of imposing a carbon tax here is now in the study stage, Senior Minister of State (Trade and Industry) S Iswaran said yesterday.

While a global agreement may not materialise at the coming United Nations climate change talks, Mr Iswaran said: "Singapore is studying this because we need to be prepared for the eventuality that an agreement may be made internationally on carbon emissions."

Prime Minister Lee Hsien Loong said on Monday that applying a carbon price to send the right price signals would be a part of Singapore's energy landscape should there be a global treaty. 

Read more: Carbon tax idea in study stage

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Eco business.comCarbon industry experts have identified investments in energy efficiency projects as the biggest potential for Singapore’s energy landscape.

The country’s National Environment Agency’s Climate Change Programme assistant director Adrian Tan said on Thursday that an increasing number of companies are harnessing the potential of these small-scale projects despite their yielding significantly lower carbon credits than large-scale lucrative natural energy projects.

Carbon credit projects are validated by the United Nations under its Clean Development Mechanism (CDM) scheme.

Read more: Next wave of carbon projects in energy efficiency

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