S'pore to partner Japan to scale up accounting of emissions in S-E Asia

Guidelines to help firms better quantify, report emissions to be developed over next year or so

- Audrey Tan

Singapore is joining forces with Japan to lift the standards of emissions monitoring and reporting in South-east Asia, in an effort to help large emitters in the region cut their carbon footprint and increase their access to green financing schemes.

Singapore’s National Environment Agency (NEA) will work with the Japan Overseas Environmental Cooperation Centre and other partners to produce guidelines to help firms better measure and report their greenhouse gas emissions.

The guidelines will be developed over the next year or so, and implemented in some pilot projects.

This will make up the second phase of the Partnership to Strengthen Transparency for CoInnovation, which was launched on Friday at the COP26 climate summit in Glasgow.

The first phase entailed discussions with more than 40 company and governmental representatives to identify the support firms needed in emissions measurement and reporting, and how such a framework can be applied across different countries in ASEAN.

This exploratory stage began in September 2019 and was concluded in July last year.