Singapore’s climate strategy goes beyond emission caps, carbon tax: PM Lee at Biden’s summit Toggle share menu
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Singapore’s climate strategy goes beyond emission caps, carbon tax: PM Lee at Biden’s summit
Prime Minister Lee Hsien Loong at the Leaders’ Summit on Climate. (Photo: Ministry of Communications and Information)
23 Apr 2021 09:20PM) Share this content
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SINGAPORE: Singapore is committed to tackling climate change and has adopted a strategy that goes beyond meeting emission caps or implementing a carbon tax, said Prime Minister Lee Hsien Loong on Friday (Apr 23).
“Although Singapore is a small island state, we will contribute our share to the climate agenda,” Mr Lee said in his recorded remarks for the Leaders’ Summit on Climate hosted by US President Joe Biden.
Biden Promises 50% Reduction In US Greenhouse Gas Emission
WASHINGTON (dpa-AFX) - President Joe Biden has promised that the United States will cut its greenhouse gas emission by half by the end of this decade.
Biden announced the new national target at the virtual Leaders Summit on Climate Change Thursday. This is consistent with the President s goal of achieving net-zero greenhouse gas emissions by no later than 2050 and of limiting global warming to 1.5 degrees Celsius.
Leaders from 40 countries attended the two-day virtual summit that kicked off on The Earth Day.
Biden pledged that the United States will double its annual public climate financing to developing countries by 2024. He also promised to triple its public financing for climate application in developing countries by 2024.
Friday, April 23, 2021
On Earth Day, as expected, the Biden-Harris Administration continued its efforts to fulfill campaign commitments on climate change. The big announcement came on what is called the “Nationally Determined Contribution” or NDC. The Administration announced that the United States will aim to cut its greenhouse gas emissions from 2005 levels by 50% by 2030. This reflects an increased commitment from the United States’ prior commitment of cutting emissions by 25% from 2005 levels by 2025.
What is the NDC?
The NDC is an important number the significance of which many people may not understand fully. It represents the commitment that countries who are signatories to the 2015 Paris Climate Agreement intend to meet. The Paris Agreement was adopted in 2015 to address the impacts of climate change with the aim of limiting global temperature increases in this century to “well below” 2° Celsius, and pursuing efforts to limit it to 1.5°
Nigerian President Muhammadu Buhari on Friday confirmed his nation s commitments to the Paris Agreement at the U.S.-led climate summit.
Speaking virtually to the White House from Abuja, Buhari said since 2016, Nigeria had undertaken major environmentally sound and climate friendly programs.
He said institutional frameworks have been made to cut emissions by 2030. Beyond ending gas flaring by 2030, the oil and gas sector has undertaken steps for diversification, risk management systems, insurance (indistinct) research and development and energy crisis planning , Buhari said.
Kenya s President Uhuru Kenyatta laid out the African nation s targets for clean energy and reducing carbon emissions at the U.S.-led climate summit.
Climate Change: Buhari hails Biden for rejoining Paris Agreement - Nigerian News Latest Nigeria News Your online Nigerian Newspaper nigerianeye.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nigerianeye.com Daily Mail and Mail on Sunday newspapers.