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Singapore

Minister for the Environment and Water Resources Masagos Zulkifli said firms that comply with the new rules will benefit from long-term cost savings.

Changes to the Energy Conservation Act, passed in Parliament yesterday, mean large polluters here will have to step up their green efforts, or face enhanced penalties.

Companies will have to adopt a structured measurement and reporting system for their greenhouse gas emissions - a move which will pave the way for the carbon tax scheme the Government plans to impose from 2019.

Read more: Big polluters to face heftier fines

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From 2019, emitters of greenhouse gases will be taxed for every tonne of gas they release into the air, sending a price signal to power stations and large emitters to reduce their carbon footprint, said Finance Minister Heng Swee Keat on Monday (Feb 20).

Read more: Carbon tax to be imposed from 2019 to cut greenhouse gas emissions

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A new Vehicular Emissions Scheme, taking into account four more pollutants apart from carbon dioxide, will replace an existing one from Jan 1 next year, in a bid to get motorists to buy environment-friendly vehicle models.

The four pollutants to be introduced under the two-year scheme are nitrogen oxides, particulate matter, carbon monoxide and hydrocarbons. 

Read more: New vehicle emissions scheme to include four more pollutants

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