Impact of Recent UN Climate Talks (COP25) on Singapore
- COP25 failed to reach an agreement on Article 6 of the Paris Agreement, which is crucial for carbon markets and cost-effective mitigation, but Singapore will continue working with other countries to secure a credible outcome at COP26.
- Despite the setback, COP25 made progress by adopting decisions that reinforce multilateralism, acknowledge the role of climate finance, and call for updated national climate pledges, which Singapore co-facilitated.
- Singapore reaffirmed its commitment to implementing its Paris Agreement pledges, including capping emissions around 2030, updating its Nationally Determined Contribution, and contributing to international climate efforts through organizations like ICAO and IMO.
- Regionally, Singapore supports fellow developing countries through capacity-building workshops, such as those on the Paris rulebook and updating NDCs for ASEAN countries.
- Nationally, Singapore is implementing a carbon tax, promoting a circular economy through initiatives like the Zero Waste Masterplan and Resource Sustainability Act, and focusing on sustainable food supply to strengthen climate resilience.