Reducing carbon emissions not only healthy for planet, but can also fuel economic growth: SM Teo

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The US – the world’s largest greenhouse gas emitter after China – is pulling out of the Paris Agreement for the second time. This prompted other countries, like Argentina and Indonesia, to question the wisdom of maintaining their climate commitments.

Climate change is no longer a future threat; it is already here with us.” Climate impacts are already being felt around the world, from widespread heatwaves to severe storms.

the timeline to respond and adapt is being set not by us mere humans, but by nature [useful for closing BANGs!!!]

The average cost of solar energy is now 50 per cent lower than that of fossil fuels.

the green transition is an increasingly important driver of growth, and therefore crucial not just to the health of the globe, but also to the prosperity of their people

Bhutan became the third country that Singapore can eventually buy carbon credits from....This marks Singapore’s first carbon-trading pact with a carbon-negative country, as Bhutan is one of a few countries that absorb more greenhouse gases than they emit. Since late 2023, Singapore has completed such agreements .... with Papua New Guinea and Ghana.

Buying carbon credits means that Singapore does not have to rely solely on cutting emissions domestically, but can offset its carbon footprint by investing in carbon projects elsewhere. However, the Republic is expected to use these credits as a form of last resort, to shave off the residual emissions to meet its climate targets in 2035, and reach net zero in 2050.

Other forms of international collaboration that Singapore is pushing for include importing green electricity from its neighbours to cover about a third of its electricity needs by 2035, and exploring cross-border carbon capture and storage.

For qns on climate change and international collaboration....