Future Energy Fund

Globally, countries have been looking into financing their energy transition efforts through means of public and private financing, and various other sources. The injection of an initial $5 billion to a new Future Energy Fund by the Government is not only critical to Singapore's energy transition and net zero future, but it will also have a significant knock-on impact on the region.

In particular, the allocation of the budget to catalyse investments in areas that are critical to the success of our energy transition, such as subsea electricity cable financing and critical infrastructure for hydrogen, signals to the market that Singapore is ready to support cross-border initiatives. This marks a positive move to attract infrastructure investors in the energy transition space to continue to operate out of Singapore for their regional development and investment work. It will also further anchor Singapore as a regional infrastructure financing hub.