COP28

COMMENTARY

Voluntary carbon markets are making progress – even if official ones aren’t

IT HAS been eight years since the Paris Agreement’s endorsement of carbon markets as a tool for efficient decarbonisation, which paved the way for the private sector to funnel global capital flows tow...

Indonesia struggles to reduce energy from coal-fired power plants because of "take-or-pay" offtake obligations.
COMMENTARY

Pledge to treble renewable energy in Asean sounds good, but may not be right for all

TWO months have passed since the landmark COP28 agreement, in which nations committed collectively to trebling renewable energy production by 2030.

Climate Impact X chief executive officer Mikkel Larsen says COP28 was  a pivotal moment for carbon markets, and there's clear recognition of the markets’ necessity if the world is to make a “material dent” in climate change.
OUTLOOK 2024

Singapore players anticipate resurgence in voluntary carbon market activity

VOLUNTARY carbon markets (VCM) spent much of 2023 defending forest conservation credits – the kind making up the largest swathe of carbon credits available on the markets. But, going into 2024, the mo...

Grace Fu, Sustainability and Environment Minister, says Singapore would be better placed to help other claimant states through technology transfers and capacity building, rather than contributing monetary grants to the loss and damage fund.

Not meaningful for Singapore to contribute monetary support to loss and damage fund: Grace Fu

GIVEN Singapore’s current capacity and resources, it would not be meaningful for the city-state to contribute monetary grants to the loss and damage fund, Sustainability and Environment Minister Grace...

China is expected to see a four per cent rise in fossil fuel CO2 emissions this year, with increases in coal, oil and gas as the country continues to rebound from its Covid-19 lockdowns.

China air pollution worsens in 2023, first time in decade

China’s air pollution worsened in 2023, the first time in a decade, according to a study released on Friday (Dec 22).

Grace Fu, Minister for Sustainability and the Environment, and Simo Kilepa, Papua New Guinea Minister of Environment, Conservation and Climate Change, at the Dec 8 signing ceremony of the implementation agreement between Singapore and Papua New Guinea.

Papua New Guinea is sole host country on Singapore’s carbon credit eligibility list

THE Ministry of Sustainability and the Environment (MSE) and the National Environment Agency (NEA) published their eligibility list under the International Carbon Credit (ICC) Framework. It is set to ...

Wind turbines in South Sulawesi, Indonesia. Targets committed to at the COP28 climate summit include tripling global renewable-energy capacity by 2030.
THE BOTTOM LINE

Navigating the post-COP28 landscape for global decarbonisation

THE 2023 United Nations Climate Change Conference (COP28) was a watershed moment in global climate action. Nearly 200 nations committed to ambitious targets, including tripling renewable-energy capaci...

Workers installing solar panels on the rooftop of an HDB block. The green transition requires a shift in priorities and market assumptions, so that renewables are no longer optionals, but instead mainstream essentials.
THE POLITICS THAT MATTERS TO BUSINESS

What climate negotiations changed

BUSINESSES seem divided about climate change negotiations at the recent COP28 (the 28th Conference of Parties). Some followed the conference closely and even made considerable effort to turn up for Du...

PM Lee describes the Japan-led Asia Zero Emission Community initiative as a “footprint of countries” it wants to cooperate with on green issues.

Singapore welcomes Japan’s leadership to help Asia become greener: PM Lee

SINGAPORE is fully behind Japan’s efforts to include sustainability issues as part of its diplomacy, Prime Minister Lee Hsien Loong said on Dec 18 (Monday).

Singapore Minister for Sustainability and the Environment Grace Fu (left) and Papua New Guinea Minister of Environment, Conservation and Climate Change Simon Kilepa at the signing ceremony of the implementation agreement between the two countries.
COP28

Singapore’s carbon ambitions intact despite COP28 disappointment

FOLLOWING the conclusion of the United Nations Climate Change Conference (COP28), Singapore can count itself broadly satisfied but also reflect on what might have been. The nation was a prominent and ...