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Singapore Government Funding and Incentives for the Environment

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on 28 June 2011

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Transcript of Singapore Government Funding and Incentives for the Environment

Energy Efficiency Energy Efficiency Improvement Assistance Scheme EASe is a co-funding scheme to help companies in the manufacturing and building sectors engage accredited Energy Services Companies (ESCOs) to conduct energy audits and recommend energy saving measures. It provides up to 50% of the qualifying costs of engaging an ESCO and capped at S$200,000 for a single facility or building over a five-year period. Grant for Energy Efficient Technologies (GREET) GREET provides funding for the Singapore-registered owner or operator of existing or proposed industrial facilities to invest in energy efficient equipment or technologies. It provides up to 50% of the qualifying costs and capped at S$2 million per project. Only projects with a payback of more than 3 years and up to 7 years are eligible for funding. Energy Efficiency Energy Efficiency One-Year Accelerated Depreciation Allowance for Energy Efficient Equipment and Technology (One-Year ADAS) The One-Year ADAS is a tax incentive scheme to encourages companies to replace old inefficient equipment and invest in energy saving equipment. The capital expenditure on the qualifying energy efficient equipment can be written off in one year instead of three. Energy Efficiency Design for Efficiency Scheme (DfE) The Dfe scheme aims to encourage investors in new facilities to integrate energy and resource efficiency improvements into their development plans early in the design stage. It provides up to 80% of the qualifying costs or S$600,000, whichever is lower. Energy Efficiency Singapore Certified Energy Manager (SCEM) Training Grant The SCEM Training Grant is a co-funding scheme to develop local expertise and capability in professional energy management. Successful grant applicant only pay a subsidised course fee of S$963 (inclusive of GST) instead of the full course fee of S$5,885. Energy Efficiency Clean Energy Clean Energy S$17 million Clean Energy Research and Testbedding Programme (CERT) The CERT is a $17 million funding initiative for local and foreign companies and organisations to test and implement clean energy technologies at suitable sites. CERT involves three key partners: the R&D organisations, the technology providers, and the implementers.

The R&D organisations will lead and conduct testbedding activities, while the technology providers will be private sector companies providing the Clean Energy equipment and technologies to participate in the testbedding. Government agencies which are providing the testbedding location and facilitating the project are the implementers. S$25 million Energy Research Development Fund (ERDF) The ERDF is a S$25 million fund to support the implementation of new and innovative energy solutions that diversify our energy sources, improve our energy security, help achieve our energy intensity reduction targets, and develop our energy industry. EMA has awarded five Singapore-based consortia a total of up to S$10 million in 2010. Clean Energy S$20 million Solar Capability Scheme (SCS) The SCS offsets up to 30% of the total capital cost of solar technology for new building in the private sector that has attained a minimum Green Mark Gold Plus Standard, capped at S$1 million per project. A minimum system size of 50kWp is required. Applications for existing buildings undergoing extensive retrofit will be considered on a case by case basis. Clean Energy Market Development Fund (MDF) The MDF co-fund 90% of the incurred market charges subjected to a cap of S$50,000 per project. It seeks to incentives the use of clean and renewable energy resources among non-residential consumers and developers of offsetting the market charges and related cost associated with selling clean and renewable energy into the grip. Clean Energy Green Building S$100 million
Green Mark Incentive Scheme for Existing Buildings (GMIS-EB) The GMIS-EB provides a cash incentive that co-funds up to 35% of the costs for energy efficiency improvement and is capped at S$1.5million. It also includes a Health Check scheme to determine the efficiency of the air conditioning plants, which BCA will fund 50% of the cost. It is set up to encourage private building owners of existing buildings to undertake improvements in energy efficiency. The scheme provides a cash incentive that co-funds up to 35% of the costs for energy efficiency improvements and capped at $1.5 million. The GMIS-EB also includes a Health Check scheme, which is an energy audit to determine the efficiency of the air-conditioning plants. BCA will co-fund 50% of the cost and the remaining 50% is borne by the building owner. S$5 million Green Mark Incentive Scheme Design Prototype (GMIS-DP) The GMIS-DP provides up to 70% of the qualifying costs or S$600,000, whichever is lower. It is applicable to developers and building owners of new developments, both private and public, and existing buildings intending to undergo major retrofitting works with Gross Floor Area (GFA) of at least 2,000 square metres. Green Building Green Building Green Mark Gross Floor Area Incentive Scheme (GM-GFA) The GM-GFA is to encourage the private sector to develop buildings that attain the higher Green Mark ratings. URA will grant additional floor area over and above the Master Plan Gross Plot Ratio (GPR) control, up to 1% for Green Mark Gold Plus developments and up to 2% for Green Mark Platinum developments, and subject to a cap of 2,500 sqm for Gold Plus and 5,000 sqm for Platinum. Green Building Skyrise Greenery Incentive Scheme (SGIS) The SGIS funds up to 50% of the costs of green roofs and vertical greenery and caps at S$75 per square metre of planted area within the green roof. Green Building Water and Environmental Technologies Fast-Track Environmental and Water Technologies Incubator Scheme (Fast-Tech) The Fast-Tech scheme aims to accelerate the formation and growth of environmental and water start-ups by providing two critical ingredients - a financial incentive as well as mentoring by specialized incubators. The goal of the Fast-Tech scheme is to grow a large group of successful water start-ups in Singapore. Aspiring start-ups which have promising technical ideas, can apply to be housed in approved incubators and seek funding support of up to $500,000 per company or up to 85% support level, whichever is lower, over two years. Qualifying costs for R&D and business related activities include manpower, training, loaning of equipment, and professional services. All Singapore-based companies which are less than three years old are eligible to apply for the Fast-Tech scheme. Water and Environmental Technologies Water Efficiency Fund (WEF) The WEF co-fund projects that yield at least 10% reduction in water consumption within an organisation with monthly water consumption of more than 1,000m3. Individual companies with monthly consumption each of less than 1,000m3 can choose to apply for this fund collectively e.g. associations and groups of commercial enterprises. Water and Environmental Technologies Technology Pioneer (TechPioneer) Scheme The TechPioneer scheme aims to accelerate the commercialization of new environment and water technologies through early adoption of such technologies in Singapore, and promote environmental sustainability at the same time. The scheme brings together both technology developers and users - incentivising users to adopt new technologies and helping the technology developers to establish a successful case reference in Singapore for their new technologies. This will help technology developers build a track record for their technologies and facilitate their entry into the market. TechPioneer provides funding of up to S$2 million or 30% of total qualifying costs (whichever is lower) for a technology user to introduce new environment and water technologies in their existing operational processes. Water and Environmental Technologies Incentive for Research and Innovation Scheme (IRIS) The IRIS funds Institutes of Higher Learning (IHLs), Research Institutes and Singapore companies to research and develop new environmental and water technologies (EWT) that lead to significant and sustainable growth opportunities in the EWT industry. Funding is provided up to 100% for IHLs, public sector agencies and non-profit research entities, and up to 70% for companies and for-profit research entities. Water and Environmental Technologies Environmental Technology Capability Development Programme (EnviroTech CDP) The EnviroTech CDP is for all local environmental technology SMEs that are keen to enhance their enterprise competitiveness and industry innovation. Water and Environmental Technologies S$5,000 Innovation Voucher Scheme (IVS) The IVS connects public Knowledge Institutions (KI) with SMEs to encourage SMEs in adopting technology to develop their innovative ideas. The innovation vouchers can be used to support projects or procure services from the various approved knowledge institutions. These activities should facilitate the transfer of know-how from the knowledge institution to the SMEs. Water and Environmental Technologies S$20 million Innovation for Environmental Sustainability (IES) Fund The IES fund is a $20 million seed funding to encourage and assist Singapore-registered companies to undertake environmental protection and public health related projects that would contribute to the long-term environmental sustainability of Singapore. The proposed project must have strong innovation and early adoption elements, and help Singapore meet its goal of environmental sustainability. The IES Fund provides funding to cover some of the qualifying cost of the project, up to a maximum of $2 million. Water and Environmental Technologies Green Transport S$50 million Land Transport Innovation Fund (LTIF) The LTIF encourages research initiatives in land transport conceptual stage research and pilot trial, for a more viable and sustainable land transport system. It provides funding up to 90% of the total project cost and the length of the trial period of the proposed project is capped at a maximum of 1 year. Green Transport The Transport Technology Innovation and Development Scheme (TIDES) The TIDES is for companies and organisations taking part in the electric vehicle test-bed programme. The enhanced TIDES+ scheme waives all vehicular taxes such as Additional Registration Fees, Certificate of Entitlement, road tax and excise duty for the purpose of R&D and test-bedding of transport technologies. Vehicles approved under TIDES+ can enjoy the tax waiver for an initial period of six years. Green Transport Green Vehicle Rebate (GVR) Owners of new hybrid and electric vehicles will enjoy the Green Vehicle Rebate (GVR) till 31 Dec 2012, while owners of new CNG and bi-fuel vehicles will enjoy the GVR till 31 Dec 2011. The rebate is equivalent to 40% (for passenger vehicles) or 5% (for buses and commercial vehicles) of the vehicle’s Open Market Value (OMV) that can be used to offset the Additional Registration Fee (ARF) payable at registration. Green Transport Environmental Initiatives S$15 million Environment Technology Research Programme (ETRP) The ETRP is a seed funding programme to build up technological competencies and support companies and researchers in waste management. The ETRP awards grants to R&D projects on waste management such as energy recovery, materials recovery and special waste treatment, and is open to researchers from Institutes of Higher Learning (IHLs), public sector agencies, not-for-profit research organizations and Singapore-registered companies. The maximum funding for each project is up to $2 million and for a maximum of 3 years. Environmental Initiatives 3P Partnership Fund The 3P Partnership Fund aims to encourage organisations, companies and individuals from the People, Private and Public (3P) sectors to work together to develop environmental initiatives and promote environmental ownership. First-time applicants will receive no more than 50% of the eligible costs, while for other applicants, the Evaluation Panel will determine the grant to be offered based on the merits of the submission. Environmental Initiatives Clean Development Mechanism Documentation Grant (CDM) The CDM encourages companies to develop CDM projects in Singapore. It provides up to 50% of the qualifying cost of engaging a carbon consultant to develop a new methodology and Project Design Document (PDD), or only up to 30% if the carbon consultant develops a PDD using an existing approved methodology. The maximum amount of funding for a CDM project is capped at $100,000. Environmental Initiatives Infocomm Leadership and Development Programme (iLEAD) The iLEAD is a new manpower development initiative by IDA to develop the knowledge and capabilities of infocomm professionals in niche technology areas, including Green IT (Virtualisation, Data Centre Architecture).

Companies can tap on iLEAD to build up the capabilities of their employees and new trainees in niche technology areas such as Green IT via local and overseas work attachments and specialised professional courses. IDA will provide training grants and co-fund airfare and living allowances for overseas attachments. Environmental Initiatives S$8 million 3R
(Reduce, Reuse, Recycle) Fund The 3R fund is a co-funding scheme to encourage to implement waste minimisation and recycling projects. Funding is provided up to 80% of the qualifying costs and subject to a cap of $1 million per project, and depends on the quantity and type of waste reduced or recycled. Environmental Initiatives
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