Can Singapore really transit to a post-oil economy?

Move away from oil refining to grow the green energy sector? If done, this must be at a pace Singapore can cope with and not destroy value in sectors of the economy that are 'fit for purpose' for another half century or more.

Some commentators have called for more drastic action from Singapore's policymakers to "mitigate", or reduce, the effects of climate change.

One academic, for example, wrote pointedly: "We can continue to reject plastic straws, but to significantly reduce its greenhouse gas emissions and future-proof its economy, Singapore must adopt a strategy to shift its reliance on the petroleum and refinery industry."

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A version of this article appeared in the print edition of The Straits Times on January 10, 2020, with the headline 'Can S'pore really transit to a post-oil economy?'. Subscribe