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. |
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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:
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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 From: The Greenhouse Gas Protocol |
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