Singapore Budget 2012 should provide results-based incentives to help companies reduce energy, water and waste

The Singapore Budget 2012 speech will be delivered by Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam, in Parliament next Friday. Singapore and the world is expected to face an economic slowdown over the next few years, thus this Singapore Budget is especially important in helping businesses prosper and not falter in the Year of the Dragon.

At Green Business Times, our top wish for this year’s Budget is to see the government help more companies reduce their environmental impacts and save on operating costs.

The government can consider results-based incentives to motivate more companies in reducing their environmental impacts, such as water and energy consumption, and waste disposal. The incentives would be based on how much energy, water or waste is reduced by the company, and could include rental or cash rebates, and tax deductions. Read more

The Green Business Times Guide to Singapore Government Funding and Incentives for the Environment

Singapore is well-known as a clean and green city with the government striving for environmental sustainability while growing the economy. The government has also identified Environmental and Water Technologies (EWT) including Clean Energy as strategic areas where Singapore has a competitive edge and which could generate future economic growth.

To accelerate the growth of the environmental industry and to maintain Singapore’s image as a clean and green city, the government has initiated several funding and incentive schemes related to energy efficiency, clean energy, green buildings, water and environmental technologies, green transport, waste minimisation, environmental management system, environmental initiatives, clean development mechanism, and green IT.

The funding and incentive schemes are provided by government agencies such as:

• Building and Construction Authority (BCA)
• Economic Development Board (EDB)
• Infocomm Development Authority of Singapore (IDA)
• Land Transport Authority (LTA)
• Energy Market Authority (EMA)
• National Environment Agency (NEA)
• National Parks Board (NParks)
• PUB, the national water agency (PUB)
• SPRING Singapore (SPRING)
• Urban Redevelopment Authority (URA)

To help businesses understand what’s available, we have compiled a list of 33 government funding and incentives for the environment:

1. Energy Efficiency Improvement Assistance Scheme (EASe)
2. Grant for Energy Efficient Technologies (GREET)
3. One-Year Accelerated Depreciation Allowance for Energy Efficient Equipment and Technology (One-Year ADAS)
4. Design for Efficiency Scheme (DfE)
5. SCEM Training Grant
6. Clean Energy Research and Testbedding Programme (CERT)
7. Energy Research Development Fund (ERDF)
8. Solar Capability Scheme (SCS)
9. Market Development Fund
10. Green Mark Incentive Scheme for Existing Buildings (GMIS-EB)
11. Green Mark Incentive Scheme for New Buildings (GMIS-NB)
12. Green Mark Incentive Scheme – Design Prototype (GMIS-DP)
13. Green Mark Gross Floor Area Incentive Scheme (GM-GFA)
14. MND Research Fund for the Built Environment
15. A*STAR-MND Joint Grant Call
16. Pilot Incentive Scheme for Green Roofs
17. Gross Floor Area Incentives for Outdoor Refreshment Area on Rooftops
18. Water Efficiency Fund (WEF)
19. Fast-Track Environmental and Water Technologies Incubator Scheme (Fast-Tech)
20. Technology Pioneer (TechPioneer) Scheme
21. Incentive for Research and Innovation Scheme (IRIS)
22. Environmental Technology Capability Development Programme (EnviroTech CDP)
23. Innovation Voucher Scheme
24. Innovation for Environmental Sustainability (IES) Fund
25. Land Transport Innovation Fund (LTIF)
26. Green Vehicle Rebate (GVR)
27. Transport Technology Innovation and Development Scheme (TIDES+)
28. 3R (Reduce, Reuse, Recycle) Fund
29. Environment Technology Research Programme (ETRP)
30. Local Enterprise Technical Assistance Scheme (LETAS)
31. 3P Partnership Fund
32. Clean Development Mechanism Documentation Grant
33. Infocomm Leadership and Development Programme (iLEAD)

If we missed out any funding or incentive scheme, do let us know. Thanks! Read more