💰 +25% Education Spend in Singapore. >50% Rise in China’s Renewable Energy. Digital Health.
Chart of the Day #230 looks at Singapore's Education Spend, Renewable Energy in China, and Digital Health in Italy
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Massachusetts Governor Maura Healey signed a law streamlining renewable energy projects while ensuring community and environmental considerations. India is developing a legal framework for data privacy.
Today's Topics
💰 Education Spend. Singapore's education spending rose 25% from 2012 to 2022
🍃 Renewable Energy. >50% rise in China's renewable energy from 2020 to 2022
❤️ Digital Health. 30% rise in digital health spend in Italy from 2011 to 2021
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💰 Singapore Education Spend Rises Over 25% From 2012 to 2022
Singapore’s education spending grew nearly 30%, from 10B SGD in 2012 to 13B SGD in 2022, reflecting investments in policies like the Compulsory Education Act, which drives infrastructure spending for universal access, and Learn for Life, requiring funds for socio-emotional learning programs. Initiatives such as SkillsFuture and TSLN increase costs through curriculum enhancements and workforce training, ensuring education aligns with Singapore’s economic and societal priorities.
🍃 >50% Rise in China’s Renewable Energy From 2020 to 2022
China's renewable energy consumption rose over 50%, from 8 exajoules in 2020 to 13 exajoules in 2022, driven by ambitious initiatives like the 13th and 14th Five-Year Plans. Meeting its 2030 renewable capacity target six years early highlights its leadership in clean energy. With goals for carbon neutrality by 2060, China’s strategy balances economic growth with climate action.
❤️ 30% Rise in Digital Health Spend in Italy From 2011 to 2021
Italy’s digital healthcare expenditure rose from 1.3B EUR in 2011 to 1.7B EUR in 2021, a 30% increase, with a 12% surge during the pandemic. This growth reflects strategic initiatives like the NRRP and digital transformation plans, focusing on telemedicine, electronic health records, and workforce upskilling to modernize healthcare and improve accessibility nationwide.
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