Singapore, Oct. 25 -- Singapore will press ahead with decarbonisation, but not at the expense of livelihoods and energy security, its Minister-in-charge of Energy and Science and Technology Tan See Leng told the 17th Singapore Economic Policy Forum on October 24.

Tan said decarbonisation must be balanced with Singapore's ambitions and the affordability of energy for its households and businesses.

He outlined three ways the Government will step in to support the power sector's transition. Accordingly, the Government will guide when new power plants are built, as boom-bust cycles are common in liberalised electricity markets.Public funding will also be used to support early low-carbon projects that are not yet commercially viable, so that...