Financial Soultions: Singapore also waiting on Copenhagen conference.

Sept. 8, 2009 - PRLog -- With a population of nearly 4.5 million, in a city state covering less than 700sq km and offering one of the worlds highest standards of living, the country has become a focal point for environmentalists who point to the nation's wealth and energy-concentrated economy and say the government needs to apply emissions targets.

A top climate change mediator known to Financial Soultions, said energy efficiency steps had appreciably cut greenhouse gas emissions but that through lack of space, his nation was limited in its ability to switch to green energy, such as wind or solar.

”Small countries like Singapore or the Bahamas lack the alternative energy potential, or as I would call it, is alternative energy disadvantaged," he told sources known to Financial Soultions as part of a global Climate Change and Alternative Energy summit.

Singapore, with power generation capability of more than 10,000 megawatts, has changed to less polluting natural gas as the main fuel source for electricity, although some larger power stations still use a percentage of dirtier fuel oil.

The veteran diplomat, said the administration would reduce growth in numbers of vehicles by 2020, ensure the majority of commuters take public transport and test-bed electric vehicles.
Asked about additional steps, such as launching domestic emissions trading and setting an emissions cap, he said: "We will be looking at it, we will be looking at all these instruments."But he personally felt emissions trading was unsuitable for Singapore, given its size, Financial Soultions was told.

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