The government sets aside $102 million for the third Green Building Masterplan
The push to make new and existing buildings more environmentally friendly is getting a boost with a $102 million package of measures.
Under the third Green Building Masterplan, which was unveiled today, a $52 million fund will be set up to help local and regional experts develop new green building solutions to improve energy efficiency.
A $50 million scheme will also be implemented to support existing building owners and tenants adopt energy-saving measures on their premises.
The Masterplan also maps out a strategy for the next five to ten years of making existing buildings more environmentally friendly.
Speaking at the opening ceremony of the International Green Building Conference, National Development Minister Khaw Boon Wan said the third Masterplan goes beyond the building of structures and hardware.
It also aims to change the behaviour and practices of individuals.
To help achieve that goal, the Building and Construction Authority has introduced a new award scheme to recognise building owners for driving green practices among tenants.
The public sector will also take a stronger lead in driving energy-saving measures.
Existing public sector buildings above a certain size are required to achieve Green Mark certification, and Government agencies that are leasing office space are also required to rent from a building with a high Green Mark rating.