The Energy Transition in Singapore

Singapore plays a pivotal role in the global energy transition, leveraging its strategic location as a major trading hub for energy and critical minerals. While the country’s energy mix remains heavily reliant on petroleum and natural gas, Singapore has increasingly focused on sustainability and decarbonisation efforts, including expanding renewable energy solutions such as solar and exploring energy storage technologies. As one of the world’s leading oil refining centres, Singapore is at the forefront of advancing cleantech solutions in the energy sector. Despite limited local production of critical minerals, Singapore serves as a vital hub for the trading, refining, and distribution of precious and base metals, including gold, which is crucial for electronics, renewable energy technologies, and electric vehicle batteries. The city-state’s significant energy infrastructure, coupled with its robust international economic and trade alliances, including its role in the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN), positions Singapore as an essential player in both regional and global energy markets. The country's forward-thinking policies, supported by strong ESG frameworks, are driving sustainable growth while enhancing Singapore’s role as a key nexus for the global clean energy transition.