What is the Green Economy Regulatory Initiative?
The Green Economy Regulatory Initiative (GERI) is a whole-of-Government (WOG) effort to accelerate innovation in the green economy. Building on a network of existing sandbox programmes, this initiative supports businesses in seizing new green growth opportunities, developing green products and services, and contributing to our global climate effort.
With agencies leaning in to support innovative, impactful green proposals, projects in the following key areas may be trialed on an expedited timeline through regulatory sandboxes (arranged in alphabetical order):
- Carbon services and trading
- Circular economy (Plastics recycling and e-waste recycling solutions)
- CO2 to aggregates
- Electric vehicles
- Energy (Solar, energy storage systems and smart grid solutions)
- Hydrogen
- Sustainable aviation and maritime
- Sustainable tourism
If you have a proposal, please click here. You may also wish to explore existing programmes offered by our partner agencies.
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The Built Environment Living Laboratory Framework (BE LLF) is an initiative by BCA and MND that aims to facilitate the test-bedding of innovative proposals in living laboratories (e.g. designated areas within Punggol Town and Jurong Lake Gardens). This will open up opportunities for BE firms to harness and trial new, emerging technologies as we continue to develop cities for tomorrow. Please click here to find out more.
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EMA offers the Sandbox to support energy innovation in Singapore. Sandboxes create “safe spaces” where participating companies may be granted temporary regulatory waivers to test their innovative solutions. Please click here to find out more.
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Cool Ideas Enterprise is an open innovation platform for innovators to co-develop solutions that improve the living environment and residents’ quality of life. HDB is looking for solutions in five focus areas – Energy, Urban Greenery, Living Environment, Water and Waste, and Building Technology – that can be piloted in our Living Labs island wide. Please click here to find out more.
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The MAS FinTech Regulatory Sandbox framework enables financial institutions and FinTech players to experiment with innovative financial products or services in a live environment but within a well-defined space and duration. Depending on the experiment, MAS will provide appropriate regulatory support by relaxing specific legal and regulatory requirements prescribed by MAS, which the company will otherwise be subject to, for the duration of the sandbox. Please click here to find out more.
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The environmental services landscape is fast evolving, with emerging and disruptive technologies and business models that have the potential to reshape economies and industries. In circumstances where it is less clear whether a new technology/solution complies with the regulatory requirements, some companies may be deterred by the risks and choose not to implement it. In this way, promising innovations may be stifled and missed opportunities may happen. As such, the establishment of a regulatory sandbox will create an environment where regulations can be relaxed within parameters, so that experiments can take place with managed risks. Please click here to find out more.
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PUB Global Innovation Challenge seeks to accelerate the discovery and adoption of smart solutions and new technologies to improve operational excellence and meet future water needs. PUB invites companies, researchers, and innovators from all around the world to propose solutions to the Challenge. Please click here to find out more.
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