Singapore Commits $37 Million To Fund Sustainability Projects

The Singapore government has committed S$50 million ($37 million) to fund a new aviation sustainability programme.

The programme will be administered by the Civil Aviation Authority of Singapore (CAAS) and companies can apply for funding of up to 70% for sector-wide projects and up to 50% for company-level projects.

CAAS will be accepting proposals from 1 to 30 April.

Examples of eligible projects include novel or energy-efficient airport systems or equipment, optimisation of airport processes and transition to cleaner energy sources, such as testing of new alternative or low carbon fuels.

For energy efficiency projects, these must "demonstrate a potential sizable carbon emission reduction of at least 10% for the process or activity targeted".

"Coming out of the Covid-19 pandemic, we want to build sustainability as a new competitive advantage for the Singapore air hub," CAAS director-general Han Kok Juan states, saying that the programme "is a response to industry feedback".

"It will help alleviate investment cost and catalyse and accelerate company-level projects. It will also facilitate sector-wide risk pooling, capability building and collaboration which will be how we can distinguish ourselves from other air hubs," Han says.

CAAS plans to publish a blueprint later this year to provide a roadmap to decarbonise Singapore's air hub, based on recommendations submitted by a sustainability advisory panel it formed in February 2022.