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In March 2021, BCA launched the Singapore Green Building Masterplan (SGBMP) to set out the environmental sustainability ambitions and targets to accelerate the transition to a low-carbon Built Environment. As part of the SGBMP, BCA introduced the $63-million Green Mark Incentive Scheme for Existing Buildings 2.0 (“GMIS-EB 2.0” or “Scheme”)) on 30 June 2022, with the objective to raise the energy performance of existing buildings and step up the pace to green 80% of our buildings by 2030.The Scheme will provide grant support to building owners on their goals to attain higher energy performance by lowering the upfront capital costs for energy efficiency retrofits and improve the returns on investment, particularly for buildings meeting Super Low Energy or Zero Energy standards. 

The scheme will be available from 30 June 2022 till the available funds have been fully committed or by 31 March 2027 (whichever is earlier). The Scheme is outcome-based where funding support is based on the Green Mark certification rating and the extent of carbon emissions reduction achieved through Energy Improvement Works (EIWs), subject to the funding cap.

Read more: https://www1.bca.gov.sg/buildsg/sustainability/green-mark-incentive-schemes/green-mark-incentive-scheme-for-existing-buildings-2.0