Member-only story
There are a lot of talks about climate change and how YOU can play a part by reducing your carbon footprint and managing your waste. However, a few years ago, there was a report to claim that just 100 companies are responsible for 70% of the world’s carbon emissions.
Most of the carbon emissions come from oil companies and cement companies. Although every little bit counts, changing your CFL lightbulbs to LED lightbulbs is not very effective at combating climate change.
Sadly, many governments, political parties and companies have not grasped the urgency of climate change and the ecological crisis. Singapore, like many other countries are looking at protecting its national interests before global efforts. Even when Singapore has signed the Paris accord, there is a lot more to be done, but little actions are taken.
The petrolchemical industry in Singapore create a lot of jobs and contributes to a significant portion to the GDP. And the Prime Minister pledges to support them and will continue to help them to succeed.
This can be seen in many of Singapore’s policy by placing high taxes on electric and hybrid vehicles. There are still no subsidies for renewable energy, and you have to register with the Energy Market company to sell energy to the grid. You also need a license to turn on your solar PV system.
