Greenhouse gas emissions

ANALYSIS

Global shipping industry sticks with green investments, despite carbon price delay

Shipping accounts for nearly 3% of greenhouse gas emissions

The transportation and power sectors are each responsible for around a quarter of US greenhouse gas output, according to EPA figures.

Trump revokes basis of US climate regulation, ends vehicle emission standards

Trump said previously he believes climate change is a “con job”

In order to meet the 2030 goals set out in the Paris Agreement, China will need to reduce emissions per unit of GDP by 23%, according to Myllyvirta.

China’s emissions fell last year in first decline since 2022

A key signal will come in March, when officials release the country’s next five-year plan

Under pressure from carmakers, the European Commission in December proposed a 90 per cent cut in CO2 emissions in 2035 from 2021 levels, instead of zero for all new cars and vans.

EU proposals set to limit EV sales from 2035, says campaign group

The EU’s biggest retreat from its green policies in years has met with criticism

Listed companies on the STI will face mandatory Scope 3 reporting starting from the financial year 2026. 

Singapore expands carbon registry to help businesses better track emissions footprint

94 new emission factors added to the Singapore Emission Factors Registry, bringing the new total to 319

Airlines have been exploring the few options available to lower emissions, including SAF.

The price honeybees may pay for biofuel

Biofuels also can be made from animal fats, algae, waste cooking oils or agricultural waste such as wood chips and straw

After Jan 1, a levy equivalent to the emissions produced in the manufacturing process of the imported products will be required in the form of purchasing CBAM certificates.

New EU measure reshapes global decarbonisation landscape

It is the first time that the price of carbon in a defined jurisdiction will be externalised beyond borders

While the 2023 data indicated a downward trend, NCCS cautioned that emissions may fluctuate in the coming years based on economic conditions and the pace of mitigation efforts.

Singapore’s 2023 greenhouse gas emissions fall 5.3% as industrial output declines

Industry and power sectors remain the largest contributors to the nation’s carbon footprint

A key element of the deal is the EU allowing international carbon credits to account for a greater share of emissions reductions.

EU reaches tentative deal to set 90% emissions cut goal for 2040

The bloc already has two binding targets: net zero emissions in 2050 and a 55% cut by 2030 from 1990 levels