Singapore ranked as #1 in Asia and #7 globally for Start-Up Ecosystems in the Start-Up Genome 2024 Report.

Green Economy Investments

In February 2021, the Singapore government unveiled the Green Plan 2030, outlining ambitious targets to halve 2030 peak greenhouse gas emissions by 2050 and achieve net-zero emissions “as soon as viable” in the second half of the century. The plan focuses on five key pillars:

• City in Nature: Enhancing green spaces and biodiversity.
• Sustainable Living: Promoting eco-friendly practices among residents.
• Energy Reset: Transitioning to renewable energy sources.
• Green Economy: Fostering sustainable industries and green jobs.
• Resilient Future: Strengthening climate resilience.

To support these objectives, Singapore has committed up to $500 million in concessional funding to aid climate projects across Asia, reinforcing its role in regional decarbonization efforts.

Blue Economy Investments

Singapore’s blue economy strategy emphasizes the sustainable use of ocean resources for economic growth, improved livelihoods, and ocean ecosystem health. The nation has identified several key sectors:

• Maritime Transport: Maintaining its status as a global shipping hub with efficient port facilities.
• Aquaculture: Investing in sustainable seafood production to meet global demand while preserving marine ecosystems.
• Marine Biotechnology: Developing innovations derived from marine resources for various applications.
• Renewable Ocean Energy: Exploring technologies like wave and tidal energy to diversify renewable energy sources.

In January 2025, Reuters highlighted the surge in ocean-based startups, noting a 91% increase in growth between 2019 and 2022, with significant investments in Southeast Asia. However, it emphasized the need for major funds, including sovereign and private investments, to fully realize the blue economy’s potential.

Integrated Approach

Singapore’s integrated approach to green and blue economy investments reflects a commitment to environmental sustainability and economic resilience. By aligning urban development with nature conservation and promoting sustainable ocean industries, Singapore aims to balance economic growth with ecological stewardship.

This strategy not only addresses global environmental challenges but also positions Singapore as a hub for green and blue economy innovations, attracting international partnerships and investments.

Recent Developments

Singapore’s dedication to sustainability has earned it global recognition. In 2023, it became the first country certified as a sustainable tourism destination by the Global Sustainable Tourism Council, showcasing its commitment to integrating environmental considerations into tourism and other sectors.

Looking ahead, the Economic Development Board anticipates challenges in 2025 due to geopolitical and economic uncertainties. Nevertheless, Singapore remains focused on growth in artificial intelligence and other emerging sectors, aiming to diversify investment sources and maintain its competitive edge in the global green and blue economy landscape.