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Sustainability & ESG: SG Green Plan

The Singapore Green Plan

The Singapore Green Plan 2030 is a whole-of-nation movement to advance Singapore’s national agenda on sustainable development. It charts ambitious & concrete targets over the next 10 years, strengthening Singapore’s commitments under the UN’s 2030 Sustainable Development Agenda & Paris Agreement, & positioning the country to achieve net zero emissions aspiration by 2050.

 
The 17 Sustainability Development Goals (SDGs), which is a blueprint for sustainable development in economic, environmental & social aspects, were adopted by Singapore, among other countries, at the United Nations in 2015 under the 2030 Agenda for Sustainable Development.

Singapore ratified the Paris Agreement in 2016 and submitted its enhanced climate pledge, or Nationally Determined Contribution (NDC), and Long-Term Low-Emissions Development Strategy (LEDS) to the UNFCCC
in 2020:
  • Peak emissions at 65 MtCO2e around 2030
  • Halve emissions from its peak to 33 MtCO2e by 2050
  • Achieve net zero emissions as soon as viable in the second half of the century

Actions for businesses

  • Adopt environmentally friendly habits
  • Integrate sustainability into business decisions
  • Find more sustainable ways to operation and embrace green opportunities
  • Leverage their sphere of influence to help their sector make the green transition quickly

 

Actions for Individuals 

  • Start changing some personal habits
  • Support local produce
  • Get involved
  • Take public transport, walk or cycle
  • Lead an energy-efficient lifestyle
  • Start a project using the SG Eco Fund

 

Climate Change

Climate change refers to significant variations in global weather patterns that persist over an extended period of time. Man-made activities such as burning of fossil fuels for energy, industrial production and clearing of forests to raise livestock have increased the production of greenhouse gases (GHGs). These additional GHGs trap even more heat in the atmosphere, making the earth warmer.

Under the Singapore Carbon Pricing Act, industrial facility that emits direct GHG emissions equal to or above 2,000 tCO2e annually has to register as a taxable facility and submit a monitoring plan plus an emissions report annually. 

The carbon tax currently covers 80% of total GHG emissions from about 50 facilities in the manufacturing, power, waste, and water sectors. Companies may use international carbon credits to offset up to 5% of their taxable emissions from 2024.  A list of acceptable credits will be published in 2023. 

Overview of GHG Protocol scopes and emissions across the value chain

FromThe Greenhouse Gas Protocol 
GHG includes carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs),
sulphur hexafluoride (SF6) & from 2024 onwards nitrogen trifluoride (NF3).

 

Mitigation efforts   Adaption efforts  

 

FAQ on climate change & carbon emissions

Indicators & Reports

The SDG frameworks consists of 169 targets and 248 indicators to measure progress towards the 17 SDGs. SingStat take stock of the progress on sustainable development, particularly in areas such as water, sanitation and sustainable cities. 

 

 

 

 

 
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