Forecast: Share of Renewable Energy and Nuclear Energy Use in Singapore

The share of renewable energy and nuclear energy use in Singapore has seen modest growth from 0.2 units in 2013 to 0.23 units in 2023. The year-on-year variations over the past few years have been relatively stable, with slight increments, indicating a cautious but steady approach in energy diversification. From 2013 to 2023, the Compound Annual Growth Rate (CAGR) has shown minor fluctuations around 1.48 percent. This steady growth reflects Singapore's ongoing commitment to integrating renewable and nuclear energy into its overall energy mix.

Future trends to watch for include advancements in renewable technology and governmental policies that may push for an accelerated shift towards cleaner energy. Additionally, innovations in energy storage and efficiency could further bolster the share of renewables and nuclear energy in Singapore's energy portfolio. The forecast indicates a 0.98 percent CAGR over the next five years, suggesting consistent albeit slow growth up to 2028. Monitoring these developments will be crucial for understanding the pace at which Singapore transitions to a more sustainable energy framework.