Energy efficiency is a subject of much interest in many countries, including Singapore.
It is a necessary tool for optimising resource utilisation as a nation pursues its development as well as environmental objectives. This workshop on energy efficiency is, therefore, very timely in helping to create greater awareness in energy efficiency in Singapore and the region. Importance of Energy Efficiency 2. In this global environment, where the economic well-being of nations is increasingly determined by their ability to adapt to keener international competition, an excessively high energy expenditure would lower their cost competitiveness. Using energy inefficiently also diverts limited economic resources of a nation away from efforts that could further underpin the resilience of the state.