The effects of climate change are real and wide-reaching. Beyond environmental implications, climate change also results in societal, economic and geopolitical implications. Governments, businesses and societies are taking action to mitigate and adapt to climate change. Increasingly, jurisdictions have begun introducing carbon pricing policies such as carbon tax and emissions trading schemes to nudge businesses towards becoming more carbon-efficient and sustainable.
Many businesses are also proactively managing climate risks and adjusting their operations in preparation for a carbon-constrained future. According to the Carbon Disclosure Project, more than 1,200 companies worldwide have or are putting in place internal carbon pricing to guide their investments. The largest increase is seen in emerging economies, including India, Brazil, Mexico and China, which are most at risk from the effects of climate change.
Mr Benedict Chia will provide a global overview of carbon pricing, with a focus on business opportunities and the climate risks that carbon pricing averts. He will also discuss how a carbon tax fits into Singapore’s climate action strategy. Ms Goh Swee Chen will share how the Carbon Pricing Leadership Coalition (CPLC) Singapore can help businesses set internal carbon prices and perform risk assessments.
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Temasek International Pte Ltd
(60B Orchard Road, Tower 2, The Atrium@Orchard)
Director (Strategic Issues), National Climate Change Secretariat, Prime Minister’s Office, Singapore
President, Global Compact Network Singapore Commissioner, High-level Commission on Carbon Pricing and Competitiveness, Carbon Pricing Leadership Coalition