Singapore's Minister for Sustainability and the Environment Grace Fu delivered a keynote address and participated in a panel discussion about breakthroughs needed for a greener economy.
During her keynote address, Ms Fu said that Singapore is committed to meeting its national climate target to achieve net zero emissions by 2050.
"More importantly, it has the potential to unlock global energy trade, through its carrier forms that can be stored and transported over long distances. This will connect regions with abundant low-cost renewable energy with those that have limited renewable energy potential. " will allow companies to use high-quality international carbon credits to offset up to five per cent of their taxable emissions from next year onwards. This could spur local demand in carbon markets, hence supporting the growth of a vibrant international carbon market and channel financing to mitigation projects internationally," she added.
He also asked what kind of training was needed for workers to be able to participate in the new green economy. "Climate change ... is a horizontal that cuts across all sectors, we have to think about moving the workforce towards a low carbon future. So really, across the sector, we have to think about what would be the element that needs to go in? How do we want to transform the industry?"
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesian minister says Singapore doesn't need to worry about haze anymoreAsiaOne has launched EarthOne, a new section dedicated to environmental issues — because we love the planet and we believe science. Find articles like this there. SINGAPORE – Transboundary haze originating from Indonesia will not be an issue anymore, even amid the hotter and drier season of El Nino, because the country is well prepared for this, said Indonesia’s Coordinating...
Read more »
Horse racing in Singapore to end for good after Singapore Turf Club's closure announcedSINGAPORE – The land where the Singapore Turf Club (STC) in Kranji sits will be returned to the Government by March 2027, making way for housing and other developments in the area. These include previously announced plans to redevelop the area around Woodlands Checkpoint, enhance Woodlands Town under the Remaking our Heartland programme, and transform the Lim Chu Kang area...
Read more »
Culture vault: Bobby Luo, the man behind Singapore's happening queer nightlife and social eventsIntroducing Culture Vault – your go-to reservoir of inspiration. This space celebrates the diverse creative spirits that shape and fuel our world. We spotlight talents from the local scene sculpting Singapore’s creative landscape and international artists causing ripples in their respective fields. Our goal? To take you on a captivating journey through their narratives and perspectives. In this inaugural showcase,...
Read more »
Hawker stall charges $2.60 for empty bowl, shocking Singaporeans - Singapore NewsWhen the customer asked for an empty bowl from the dessert stall, he was surprised to be informed that he had to pay $2.60 for it.
Read more »
Woman stunned by 'ridiculous' $9.10 bill for mixed rice with fish cake - Singapore NewsThe woman expressed her disbelief at the cost of the meal, particularly highlighting the $2 charge for the fish cake. She stated, 'They said the fish cake is considered meat, so they must charge $2 for it. Ridiculous, isn't it?'
Read more »
Halimah Yacob: Really, really, really NO? - Singapore News'The role of the Elected President will be a crucial one during this transition period of Singapore’s history. Particularly if no member of the Lee family is in the next government – or is the next President.' - Tan Bah Bah
Read more »