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Home ESG Knowledge

Introduction to Singapore Green Plan 2030

by TodayESG
in ESG Knowledge, Asia, ESG Regulation
Singapore Green Plan

Singapore Green Plan

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  • Singapore Green Plan 2030
  • Commitments of Singapore Green Plan 2030
  • Contents of Singapore’s 2030 Green Plan

Singapore Green Plan 2030

The Singapore Green Plan 2030 is a nationwide plan launched in 2021 to set sustainability goals for the next ten years and promote Singapore’s sustainable development.

The Singapore Green Plan 2030 will support the Paris Agreement and the United Nations Sustainable Development Goals and help to achieve the 2050 carbon neutrality goal.

Related Post: Introduction to HK’s Climate Action Plan 2050

Commitments of Singapore Green Plan 2030

The Paris Agreement plans to limit global average temperatures to 2 degrees Celsius and strive to limit them to 1.5 degrees Celsius above pre-industrial levels. Singapore’s carbon emissions account for 0.1% of the world’s total emissions. In 2020, it approved the Nationally Determined Contribution (NDC) in the United Nations Framework Convention on Climate Change (UNFCCC). Singapore plans to reduce carbon dioxide emissions to 60 million tons by 2030 and achieve carbon neutrality by 2050.

In addition to carbon emission reduction actions, Singapore’s 2030 Green Plan will also strengthen food security, ensure sustainable management of water resources, expand clean energy deployment, promote green infrastructure development, and build resource-saving cities. These actions will serve as Singapore’s commitment to the United Nations Sustainable Development Goals.

Singapore Green Plan 2030
Green Transition

Contents of Singapore’s 2030 Green Plan

The Singapore Green Plan 2030 consists of five parts, namely:

  • City in Nature: Singapore will be established as a green natural city by 2030. The green plan will reserve 50% of the land (approximately 200 hectares) for natural parks, plant 1 million trees, and store 78,000 tons of carbon dioxide.
  • Energy Reset: Singapore will strengthen the deployment of clean energy and renewable energy and reduce greenhouse gas emissions by 3 million tons per year. The Green Plan will see solar deployment double by 2025 and fivefold by 2030. In the next ten years, 80% of buildings will be deployed as sustainable buildings, and all cars in 2030 will be new energy vehicles.
  • Sustainable Living: Singapore plans to establish a circular economy to reuse resources. In 2030, landfill waste will be reduced by 30%, household water consumption will be reduced by 10%, and public transportation coverage will be increased to 75%. The Green Plan will also introduce sustainability courses to students and promote individuals to take actions.
  • Green Economy: Singapore plans to establish a leading carbon trading center and integrate green finance, sustainable development, and carbon credit trading into the industry. The government will launch a corporate sustainability plan and encourage sustainable technology innovation.
  • Resilient Future: Singapore will proactively address climate change, such as developing sea-level solutions and reducing the impact of rising temperatures.

Reference:

Singapore Green Plan 2030

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