Liyana Othman Channel NewsAsia 4 Nov 16;
SINGAPORE: By next year, there will be a standardised system for reporting greenhouse gas emissions across all industries, Deputy Prime Minister Teo Chee Hean said on Friday (Nov 4).
This comes after the National Environment Agency called a tender in April to develop measurement and reporting systems. Channel NewsAsia understands that the authorities are currently in consultation with companies.
Speaking at the award ceremony for the 2016 National Climate Change Competition, Mr Teo said the move will give big energy users information about their greenhouse gas emissions, thus helping them better monitor their energy efficiency performance. This will allow them to reduce the use of electricity and fuels and save costs, he noted.
"With more accurate data, companies can also incorporate energy and fuel efficiency considerations early in their decision-making processes and take action," Mr Teo added.
Currently, energy-intensive companies in the industrial sector are required to monitor and report their energy use and carbon dioxide emissions but do not know how much these contribute to national emissions.
The announcement is part of Singapore's commitment under the Paris climate change agreement to reduce emissions intensity by 36 per cent from 2005 levels by 2030 and stabilise emissions with the aim of peaking around the same time. The historic accord, signed by 195 nations, also took effect on Friday.
- CNA/mz
