Singapore Industry Taskforce Consults on Second Version of Green and Transition Taxonomy

The three sectors covered form part of the eight focus sectors that collectively account for close to 90% of ASEAN greenhouse gas emissions.

The proposed thresholds can classify an economic activity as green, amber, or red to differentiate its contribution to climate change mitigation.

1. A green classification represents activities that contribute substantially to climate change mitigation by operating at net zero or are on a pathway to net zero by 2050.
   
   
2. An amber classification represents transition and includes activities that are either transitioning towards green within a certain time frame, or facilitating significant emissions reductions in the short term.
   
   
3. A red classification refers to harmful activities that are not currently compatible with a net zero trajectory.

Sectors