28 June 2022
On 26 May 2022, the National Climate Change Secretariat (“NCCS”), Ministry of Trade and Industry and Ministry of Transport jointly announced Singapore’s membership to the First Movers Coalition (“FMC”) as a Government Partner, along with Denmark, India, Italy, Japan, Norway, Sweden, the United Kingdom and the United States. The FMC serves as a platform for companies to harness their purchasing power and supply chains to create early markets for innovative clean energy technologies to tackle the climate crisis.
Singapore’s FMC membership builds on Singapore’s commitment to achieve net zero emissions by or around mid-century, in line with the Glasgow Climate Pact. Singapore’s participation in the FMC is aligned with Singapore’s efforts to decarbonise the economy, including emissions-intensive sectors and promoting public-private collaboration to develop and scale low-carbon technologies.
The FMC presents an opportunity for companies to collaborate with like-minded partners and access low-carbon technologies. The press release states that the Singapore Government will engage companies and encourage them to participate in the FMC and that Singapore seeks to work with international and regional partners to enable collaborations, strengthen consensus and galvanise collective climate action.