As the impacts of global warming continue to worsen, governments, corporations, and individuals need to act quickly in reducing their greenhouse gas (GHG) emissions. However, to do so at a large scale, a systematic and structural change is required, which can be highly costly in the short-term. When accounted for correctly, the generation of carbon …
In 2021, more than 40% of the energy-related CO2 emissions came from the burning of fossil fuels solely for electricity generation. This is occurring just less than a decade away from the global commitment to halve emissions in 2030 (compared to 2010 levels) in order to keep global warming below 1.5°C. Therefore, large-scale movements away …
Under its Carbon Pricing Act (CPA), Singapore became the first Southeast Asian country to officially implement a carbon tax on the 1st of January 2019. Singapore’s carbon tax, which is a price set on greenhouse gas (GHG) emissions, is part of the country’s initial efforts in achieving net zero emissions. Its Low Emissions Development Strategy …
