Satellite monitoring and tougher climate reporting regulations for companies are set to bring greater transparency on greenhouse gas emissions from big polluters around the globe, including Singapore. Read more at straitstimes.com.
Satellite monitoring and tougher climate reporting regulations for companies are set to bring greater transparency on greenhouse gas emissions from big polluters around the globe, including Singapore.
“Publishing a list of emitters and their emissions without providing context of the business’ nature or the size of its operations may not be helpful in understanding how well a company is doing in mitigating its emissions,” a spokesman for the Ministry of Sustainability and the Environment told The Straits Times.
Dr Kim Jeong Won, a senior research fellow at the Energy Studies Institute at the National University of Singapore, is looking at the design, effectiveness and impacts of global carbon pricing schemes. It covers the main greenhouse gases of carbon dioxide, methane and nitrous oxide, and is aiming for monthly and eventually weekly data.
The Climate Trace global map is a work in progress. For Singapore, it shows several refiners, waste plants, plus Changi Airport and more sites will be added during the year, a spokesman told The Straits Times.Lessons from Covid-19 will help Singapore strengthen resilience against climate change In response to queries, Shell Singapore said it voluntarily reports its emissions which were five million tonnes in 2021 for scope 1 and 500,000 tonnes for scope 2 – making it one of the top carbon taxpayers in Singapore.
In the 2021 financial year that ended in March 2022, the Government collected $197.9 million on 39.6 million tonnes of emissions, the MSE spokesman said. The SGX says the data will be at the group level. But increasingly, investors, financiers and customers want finer details about companies, their emissions, and what their plans are to reduce them.
The Australian government, under its National Greenhouse and Energy Reporting scheme, lists the nation’s top polluters and updates it regularly.
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