Over the past decade, many countries have set ambitious targets on renewable energy, looking at non-fossil-fuel sources as a way to boost their supply. However, it is equally important to curtail the demand for energy, and manage energy usage efficiently. Many countries in the region have implemented incentives to encourage energy efficiency, and in Japan for example, legislation to boost energy efficiency have been in place for many years.
The Singapore government follows the three pronged approach to energy efficiency including legislation, incentives and capacity building. There are also mandatory green mark standards for new buildings and incentive for developers to build more energy efficient buildings with Green Mark gold & platinum certifications.
In 2013, the Singapore government launched the SME Energy Efficiency Initiative as one of the solutions to address the high energy consumption by small and medium enterprises. Developed by SPRING Singapore and led by SEAS, this S$17 million-dollar initiative brings together existing government grants to help SMEs reduce their energy costs, increase productivity, and promote energy efficiency. Click here to read more about the SME Energy Efficiency Initiative (SMEEE).