Additional S$45m for green building innovation cluster (GBIC) 2.0
This includes an additional S$45 million for the Green Buildings Innovation Cluster (GBIC), and an additional S$64 million into research and developments (R&D) under the City in Nature and Greater Sustainability pillars of the Cities of Tomorrow programme.
Set up by the Building and Construction Authority (BCA) in 2014, the GBIC is an integrated research, development and demonstration hub for green building technologies.
"Under GBIC 2.0, we want to target key demand drivers, such as building owners and developers, as well as their value chains, to jointly develop innovative solutions. These include energy-efficient cooling technologies, smart building systems and enhanced building ventilation," Mr. Desmond Lee said.
He added that MND will help local firms with the commercialisation of such green solutions through industry partnerships.