As a small, deep-largest city-state, one of the most open economies in the world, Singapore is particularly vulnerable to the effects of climate change. We are in favour of a multilateral, rules-based solution to meet this challenge, and we actively support and participate in international negotiations on this front. The language of the agreement was negotiated by representatives of 197 parties at the 21st UNFCCC Conference of the Parties in Paris and agreed on 12 December 2015.   The agreement was signed at UN Headquarters in New York from 22 April 2016 to 21 April 2017 by states and regional economic integration organisations parties to the UNFCCC (convention).  The agreement stated that it would only enter into force if 55 countries that produce at least 55% of global greenhouse gas emissions (according to a list drawn up in 2015) ratify, accept, approve or adhere to the agreement.  On April 1, 2016, the United States and China, which together account for nearly 40% of global emissions, issued a joint statement confirming that the two countries would sign the Paris Climate Agreement.  175 contracting parties (174 states and the European Union) signed the agreement on the first day of its signing.   On the same day, more than 20 countries announced plans to join the accession as soon as possible in 2016. The ratification by the European Union has achieved a sufficient number of contracting parties to enter into force on 4 November 2016.
Masagos highlighted the different ways in which Singapore – which depends on natural gas, the cleanest form of fossil fuels for its energy needs – has contributed to a more sustainable use of energy. In Lima, Peru, the parties agreed on various ground rules to guide the presentation of their respective contributions to the global climate agreement. Commitments made by both developed and developing countries before and during the COP also exceeded the funding of the new Green Climate Fund (GCF) beyond an initial target of $10 billion. As a small, deep-largest city with an open economy, Singapore is particularly vulnerable to the consequences of climate change. We are deeply interested in global efforts to address potential disruptions to natural ecosystems and human societies. Singapore has always been a strong supporter of multilateral approaches to global issues, and we are working closely with other countries to address the climate challenge. The Paris Agreement is an agreement within the framework of the United Nations Framework Convention on Climate Change (UNFCCC) that deals with the reduction, adaptation and financing of greenhouse gas emissions from 2020. The agreement aims to address the threat of global climate change by keeping global temperatures well below 2 degrees Celsius above pre-industrial levels this century and to continue efforts to further limit the temperature increase to 1.5 degrees Celsius.  Prior to the UNFCCC climate change conference in Copenhagen in 2009, Singapore pledged to reduce our greenhouse gas emissions by 16% below the business as usual (BAU) level in 2020, provided there is a legally binding comprehensive agreement in which all countries apply their good faith commitments. In accordance with the agreement adopted in Paris in December 2015, Singapore has committed to reduce our emission intensity by 36% by 2030 from 2005 levels and to stabilize our greenhouse gas emissions with a view to peaking in 2030.
At the UN climate change conference in Doha, the parties agreed on a new eight-year commitment period under the Kyoto Protocol, agreed on a fixed timetable for a universal climate agreement by 2015 and agreed on a way to increase the ambitions needed to address climate change.