But the fact is that Singapore has already achieved its previous commitments and has gradually built them. It must now deliver again; and with time. The Convention on Climate Change enjoys almost universal support, making it one of the most supported international agreements in the world by the United Nations. At the request of the United Nations, more than 70 countries signed their commitments to zero net emissions by 2050 following the climate change summit in New York last September. Singapore, in its current form, has pledged to achieve zero "as soon as possible in the second half of the century." Singapore`s renewed commitments are the basis of what SM Teo has suggested as a global "transformation" in Singapore`s industry, economy and society. With regard to the industry, which accounts for 60 per cent of emissions, SM Teo has promised to work with the industry to "make the necessary adjustments". By 2015, Singapore would present a more ambitious commitment than the Paris Agreement. But even then, the reduction in emissions was framed on the basis of Singapore`s "emission intensity" or CO2 emissions per dollar of GDP. Bali Road Map has established a new negotiating path for a binding climate agreement with the participation of all parties.
Prior to the UNFCCC climate conference in Copenhagen in 2009, Singapore committed to reducing our greenhouse gas emissions by 16% below the status quo (BAU) level by 2020, based on a legally binding global agreement in which all countries would implement their commitments in good faith. In accordance with the agreement adopted in Paris in December 2015, Singapore has committed to reduce our emission intensity by 36% by 2030 from 2005 levels and to stabilize our greenhouse gas emissions with a view to peaking in 2030. The Durban Platform has reached an agreement on a second commitment period of the Kyoto Protocol. It was also agreed to begin negotiations for a new legally binding global agreement, which would apply to all countries and come into force in 2020. The Durban conference also agreed on a range of important decisions, including the creation of a Green Climate Fund to channel climate-related financial resources for developing countries to reduce emissions and adapt to climate change. According to WRI, which is committed to updating or improving their commitments at their NDC 2020 tracker microsite site, 41 nations, including Singapore, have announced plans to update their commitments by next year. The challenges are enormous, but there are opportunities. One of the pillars of Singapore`s more ambitious commitment is, for example, the use of technologies "that are not yet developed, such as CO2 capture, use and storage (CCUS) and low-carbon fuels," as SM Teo put it. In Warsaw, Poland, the contracting parties adopted a series of decisions, including a set of rules to reduce emissions from deforestation and forest degradation, as well as a mechanism to combat the losses and damage caused by the long-term effects of climate change. They also agreed to communicate their respective contributions to the global climate agreement in due course prior to COP-21 in Paris in 2015. In April, Singapore released a long-term strategy for the development of low emissions, which aims to halve emissions from peaking in 2030 to 30 MtCO2e by 2050.