Clean Energy
In the Singapore Budget 2024 speech, DPM Lawrence Wong emphasized the importance of safeguarding Singapore’s internal energy security. The government has laid out plans to increase electricity output while committing to a clean energy transition. This commitment is demonstrated by the establishment of the Future Energy Fund, with an initial injection of S$5 billion for investments in infrastructure and technologies that explore various forms of clean energy. The main focus is on hydrogen as the best candidate for clean fuel, although other sources such as geothermal and nuclear are also being explored....As we welcome the second half of 2024, it may be time for investors to reconsider their portfolio strategies.
The first half of 2024 has provided valuable insights into the growth potential of certain sectors, thanks to pivotal events and market trends.
Given these developments, we have pinpointed five crucial industries that are well-positioned for success in the coming years, as well as companies that will ride on this growth.
