National Statement of Singapore at the UNFCCC COP30 High-Level Segment - Ms Grace Fu

1. Mr President, climate change is outpacing our collective response. Geopolitical tensions and economic volatility are intensifying. Multilateral cooperation is under strain. Singapore reaffirms our commitment to work with the global community to progress towards our climate goals.

2. We are one of thirteen countries who submitted the 2035 NDC before the 10 February deadline. We pledged to reduce our emissions to between 45 to 50 million tonnes of CO2 by 2035, with a pathway to net zero in 2050. We have quadrupled our solar deployment from 2020 and are diversifying our energy mix through sources such as biomethane and electricity imports. We are also studying the potential deployment of nuclear energy.

3. We are equally focused on Adaptation and Resilience. We are developing our inaugural National Adaptation Plan to address climate impacts, including rising sea levels, urban heat, and food and water supply resilience.

4. We are working with our ASEAN partners to advance the ASEAN Power Grid (APG), a key enabler of the region’s energy transition, and develop carbon capture and storage technologies. We are also collaborating on research and capacity-building initiatives to strengthen regional adaptation and resilience.

5. Implementation requires adequate financing based on the Paris Agreement principles. The Baku-to-Belém Roadmap recognises the global climate finance gap. As a global financial hub, Singapore is voluntarily addressing this gap through capacity building, blended finance, and carbon markets. Through the Financing Asia’s Transition Partnership (FAST-P), we have mobilised 510 million US dollars to deploy in green and sustainable infrastructure in Southeast and South Asia.

6. Carbon markets are another key enabler of finance. Singapore has signed ten Implementation Agreements under Article 6 and we have committed to procuring 2 million tonnes of nature-based carbon credits from projects in Ghana, Paraguay, and Peru. We also launched the Coalition to Grow Carbon Markets with Kenya and the UK to develop high-integrity voluntary markets, which now has ten member countries.[1] To help Asia phase out coal, we are developing energy transition credits with partners.

7. Singapore reaffirms our full support for the COP30 Presidency and the UNFCCC’s multilateral process. This is a critical time, requiring all parties to stand firm for climate action. I urge parties to assume collective leadership towards our climate goals.

8. Thank you.

[1] The members of the Coalition are Canada, France, Kenya, Panama, Peru, Singapore, Switzerland, the UK, New Zealand, and Zambia.