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The Fine Print on Carbon Credits The definitions in the federal document take a fairly expansive view of “inefficient” subsidies that “encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources, and undermine efforts to deal with the threat of climate change,” as the G20 defined the term in 2009.
Delaying those actions “would lock in high-emissions infrastructure, raise risks of strandedassets and cost escalation, reduce feasibility, and increase losses and damages.” In land, water, and food systems, the top options are to reduce the loss of natural ecosystems, followed by carbon farming and ecosystem restoration.
There are both government-led and ground-up campaigns to encourage Singaporeans to improve energy efficiency and reduce waste. This could be further compounded as carbonoffsets use up arable land, which may affect the supply of farming produce.
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