Singapore prime minister signals republic’s growing interest in deploying nuclear power in budget speech

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Eco-Business 2d ago

Singapore prime minister signals republic’s growing interest in deploying nuclear power in budget speech - Eco-Business

Quick Summary:

Lawrence Wong says the government will reorganise itself to "provide greater emphasis” on looking at how atomic energy can be tapped. He downplayed the potential of hydrogen.

The budget allocation to enhance the Future Energy Fund demonstrates the commitment of the city-state to develop safe, affordable and continuous clean energy solutions that may not exist today, said Josette Soh, sustainability and climate assurance partner of professional services firm Deloitte Singapore.

Singapore is home to the world’s top tech companies, said Wong, which already have substantial activities here and are keen to do more, including in new frontier areas like AI and quantum computing, but these “industries of the future” are highly energy-intensive and more clean power is needed to bring down carbon emissions.