SINGAPORE - The Government will be exploring new ways of reducing carbon emissions, including enhancing the monitoring and reporting requirements for big industrial users of energy, said Deputy Prime Minister Teo Chee Hean on Friday (Nov 4).
This comes even as a Paris climate agreement came into force on the same day.
Mr Teo, who is also chairman of the inter-ministerial committee on climate change, was speaking at JEM auditorium in Jurong East during the award ceremony for the National Climate Change Competition, a students' video competition organised by the National Climate Change Secretariat (NCCS).
Industrial companies that use 54 or more terajoules of energy per year are already required by Singapore's Energy Conservation Act to appoint an energy manager, monitor and report energy use and greenhouse gas emissions and submit energy efficiency improvement plans annually.
But different industrial sectors use fuel in different ways, making it difficult to accurately determine exactly how much CO2 is emitted.
Besides addressing this challenge, the Government will also consult such companies on ways to check the data submitted, similar to practices in other advanced economies. No checks are currently in place.
Mr Teo said more accurate data will help companies consider energy efficiency early in their decision making and take action to reduce energy use and save money.
The Centre for Climate Research Singapore has projected in its Second National Climate Change Study that the average temperature in Singapore may increase by up to 4.6 deg C by the end of this century, and that the sea level could rise by up to 1m if no action is taken.