REG(E) Resource Efficiency Grant for Emissions

Resource Efficiency Grant for Emissions (REG (E))

Validate & Verify your emission project with TÜV SÜD

Validate & Verify your emission project with TÜV SÜD

WHAT IS RESOURCE EFFICIENCY GRANT FOR EMISSIONS (REG (E))?

Singapore ratified the Paris Climate Agreement in 2016, an international treaty to reduce greenhouse gas (GHG) emissions and combat climate change. Under the agreement, Singapore pledged to reduce its Emissions Intensity (EI) – the amount of GHGs emitted per dollar GDP – by 36 per cent from 2005 levels by 2030, and to stabilise emissions with the aim of peaking around 2030.

Singapore has implemented the Resource Efficiency Grant for Emissions (REG(E)) as a critical step in its climate strategy. The REG(E) aims to provide enhanced support to manufacturing facilities and data centres to undertake projects that improve their energy efficiency and other forms of eligible emissions reduction to sustain competitiveness in a low-carbon future.

WHO AND WHAT PROJECTS ARE ELIGIBLE FOR REG (E)?

 

  • Incentive Recipient Eligibility

    To be eligible for the grant, the company applying to the REG(E) must fulfill the following conditions:

    • It is registered / incorporated in Singapore
    • It is the owner / operator of an industrial facility located in Singapore
    • It has a group annual sales turnover of more than S$500 million
    • It is registered under ACRA with the prevailing Singapore Standard Industrial Classification (SSIC) as undertaking manufacturing activities, OR be undertaking data centre activities

  • Project Eligibility

    The following projects are eligible for the grant:

    • The project is undertaken in an industrial facility involved in manufacturing or data centre activities in Singapore
    • The project results in measurable and verifiable carbon abatement of at least 250 tonnes per annum, such as from reduction in energy consumption, reduction in emissions from non-CO2 greenhouse gases, recovery of flare gases


    Note: Please consult EDB on project types eligible under REG(E). 

GRANT QUANTUM

The grant quantum will be determined by the carbon abatement achieved by the project, with a maximum limit of 50% of qualifying costs.

GRANT DISBURSEMENT

Upon project completion and verification that the award conditions are met, a one-time disbursal of the full grant amount will be given.

QUALIFYING PERIOD AND QUALIFYING COSTS

  • The Qualifying Period (“QP”) is the period within which the project must be completed. The QP for each incentive application shall be up to 3 years.
  • Qualifying Costs can only be incurred during the QP, with the exception of specific consultancy costs.

The following will be covered under the Qualifying Costs:

  • Equipment
  • Materials, Consumables and Technical Software
  • Professional Services
  • Intellectual Property Rights (IPR)

MEASUREMENT AND VERIFICATION (“M&V”) REQUIREMENTS

As part of the incentive application process, the company is required to submit a Project Proposal that includes technical details of the project and a Pre-Project M&V plan. The M&V plan is defined as the process of quantifying the carbon abatement delivered via the implementation of a project supported under REG(E).

Key details include:

  1. M&V methodology used to measure and verify the realised carbon abatement after project implementation;
  2. Pre-project performance baseline and post-project measurements; and
  3. Carbon abatement calculations
    Motor, LED lights, and air-conditioner retrofit projects do not require M&V verification.

TÜV SÜD SUPPORTS YOU IN IMPROVING ENERGY AND CARBON EFFICIENCY

At TÜV SÜD, we provide the most suitable specialists to carry out validation and verification activities to support you in your REG (E) application. TÜV SÜD’s experts hold various international and national accreditations to satisfy local requirements for combined auditing and verification services. With a global presence of more than 1,000 locations, TÜV SÜD is a one-stop solution provider for energy and carbon-related technical services.

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