Singapore’s Emission Peak Prediction and Climate Targets
Singapore anticipates that its greenhouse gas emissions will peak at 64.43 million tonnes (Mt) in 2028 before gradually declining. This projection was disclosed in the nation’s inaugural biennial transparency report submitted to the United Nations on the commencement of the UN climate conference COP29 in Baku, Azerbaijan.
Background and Climate Goals
- Singapore had previously announced its target of reaching a peak in greenhouse gas emissions between 2025 and 2028 at approximately 65Mt, with a subsequent decrease to around 60Mt by 2030, aligning with the Paris Agreement.
- The Paris Agreement, a global climate pact, sets the framework for countries to collaborate in mitigating climate change, aiming to limit global temperature rise to well below 2 degrees Celsius.
- Minister for Sustainability and the Environment, Grace Fu, later specified in November 2022 that Singapore aims to peak emissions between 2025 and 2028.
Projected Emission Scenarios
The recent UN report from Singapore outlines a projected peak emission year of 2028 under a “with measures” scenario. This scenario entails implementing strategies to reduce greenhouse gas emissions across various sectors, including energy and industrial processes.
In 2022, Singapore’s total greenhouse gas emissions were 58.59Mt of carbon dioxide equivalent (CO2 eq), showing a slight increase from 2021 and 2020. The report estimates emissions to reach 62.21Mt CO2 eq in 2025, potentially lowered to 59.7Mt CO2 eq through eligible carbon credits.
Carbon Credits and Emission Reduction
- Under the Paris Agreement’s Article 6, countries can collaborate in achieving climate targets through the international carbon market.
- Carbon credits represent one tonne of greenhouse gas emissions, allowing emitter countries like Singapore to offset their carbon footprint by purchasing credits from other nations.
- Singapore’s report indicates that by 2028, total emissions are projected to be 64.43Mt CO2 eq, offset to 61.92Mt CO2 eq with carbon credits. By 2030, emissions are expected to further decrease to 62.51Mt CO2 eq, aligning with Singapore’s 2030 climate target of 60Mt CO2 eq.
Conclusion
Singapore’s commitment to reducing greenhouse gas emissions and achieving climate targets is exemplified in its projected peak emission year of 2028, supported by strategic measures and international cooperation through carbon credits. The nation’s progress towards sustainability underscores its dedication to combating climate change and fostering a greener future.
FAQs
What are carbon credits?
Carbon credits represent one tonne of greenhouse gas emissions and enable countries to offset their carbon footprint by purchasing credits from other nations, promoting global cooperation in combating climate change.
How does Singapore plan to reduce emissions after 2028?
Singapore aims to continue implementing measures to reduce emissions post-2028, aligning with its climate targets and commitment to sustainability. The nation’s strategies may involve enhancing energy efficiency, transitioning to renewable energy sources, and promoting green technologies.