Singapore's government has unveiled a low-carbon energy research funding initiative aimed at driving forward new technologies to reduce the Southeast Asian nation's carbon footprint.

The S$49 million (US$36.03 million) initiative will support research, development and demonstration projects in technologies such as hydrogen and carbon capture, utilisation and storage (CCUS) over the next five years.

The intent is to accelerate the technical and economic viability of emerging technologies to reduce the Lion City’s carbon emissions, particularly in areas such as power generation and industrial sectors.