Singapore announced in Budget 2022 that it intends to significantly raise its climate ambition to achieve net zero by 2050. Raising our climate ambition requires a concerted effort from the entire nation and has wide-ranging impact. Against this background, the National Climate Change Secretariat (“NCCS“), Strategy Group, Prime Minister’s Office (PMO-SG) is conducting a public consultation exercise from 5 September 2022 to 26 September 2022 to obtain comments on raising Singapore’s climate ambition to achieve net zero by 2050 and how Singapore can attain this goal. Views garnered from the public consultation will be taken into account when Singapore formally revises its LEDS and NDC before the end of 2022.
In the public consultation, NCCS seeks views on: (i) whether the timeline to achieve net zero by 2050 is suitable; (ii) whether Singapore’s current pledge to “peak emissions at 65 MtCO2e around 2030” should be enhanced; and (iii) what the stakeholders in Singapore (including the Government, businesses and industries) can do to support Singapore’s low-carbon transition.
In this Update, we provide a summary of the key discussion points in the consultation paper and highlight the practical impact of these strategies on businesses.
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