Page 14 - Demo
P. 14
10SINGAPOREENVIRONMENTALINDUSTRYDIRECTORY2023/2024whenusingitsresourcesMalaysiahasoutlinedaroadmaptowardszerosingle-useplasticsandisdevelopingaCircularEconomyRoadmaptocombatplasticwasteIndonesiaalsoseekstoadoptacirculareconomyapproachtowardssustainablegrowthanddevelopmentThereisopportunityforSingaporetocollaboratewithregionalpartnersthroughbodieslikethePRAStoacceleratetheshifttowardsplasticscircularityinourregionInheraddressatthePRASopeningMsFualsotalkedaboutthegovernmentsgreeninitiativesTheGovernmenthastakenmajorstepstocatalyseSingaporestransitiontoacirculareconomyTheZeroWasteMasterplanwaslaunchedin August2019 tolayoutSingaporesvisionandstrategiesTheMasterplansetsoutatargettoreducetheamountofwastegoingtoourlandfillby30percentby2030UndertheSingaporeGreenPlan2030whichwasunveiledinFebruary2021thetargetistofrontloadeffortstoachievea20percentreductionby2026Throughvariousmeasurestoimproveboththedomesticandnondomesticrecyclingratetheaimistoachievea70percentoverallrecyclingrateby2030ThegovernmentintroducedtheResourceSustainabilityActin2019inJuly2020toputinplaceanExtendedProducerResponsibility(EPR)frameworkforthreeprioritywastestreamselectricalandelectronicwaste(e-waste);foodwaste;andpackagingwastewhichincludedplasticsTheEPRmandatesproducersandsuppliersofregulatedproductstoberesponsibleforthecollectionandpropertreatmentoftheirproductsatend-of-lifeThisensuresthatproductsareproperlycollectedfortreatmentanddisposal with safehandlingandextractionofvaluableresourcesAnexampleoftheEPRframeworkwaspointedoutinSingaporesfirstnationwide e-wastemanagement system whichstartedinJuly2021NEAawardedthelicencetoAlbaGrouptoofferanewelectronicandelectricalwastecollectionsystemincludingreceptacles in public areas scheduled collectiondrivesandadhocdoorstepcollectionservicesUnderthee-wastemanagementsystemregulatedconsumere-wasteiscollectedacrossSingaporeforpropertreatmentandrecyclingonbehalfoftheproducersMsFualsopointedtoheavyinvestmentsinsustainableinfrastructuretocloseresourceloopsandmeetSingaporeslong-termwastetreatmentneedsShewasreferringtoTuasNexusIntegratedWasteManagementFacility(IWMF)thatissettobecompletedinphasesfrom2025onwardsTheTuasNexusIWMFwillbeSingaporesfirstintegratedfacilitytotreatincinerablewastesource-segregatedfoodwasteanddewateredsludgeItsautomatedMaterialsRecoveryFacilitywillconsolidateandsortallrecyclables collectedunder theNationalRecyclingProgrammetoachievehigherrecoveryyieldsandboostrecyclingTuasNexuswillbeenergyself-sufficientbyharnessingsynergiesfromTuasWaterReclamationPlant(WRP)andIWMFThisisexpectedtoresultincarbonsavingsofmorethan200000tonnesofCO2annuallyequivalenttotaking42500carsoffSingaporesroadsInadditionintegratingbothfacilitieswillresultinlandsavingsofupto26hectares–aboutthesizeoffourfootballfieldsascomparedtobuildingthetwoasstandalonefacilitiesAmajormilestonetocatalysetheflowofcapitaltowardssustainabledevelopmentwastheannouncementthattheIWMFwillbethefirstinfrastructureprojectbyastatutoryboardtobefinancedthroughgreenbondsHavingestablishedaS$3billionMulticurrencyMediumTermNote(MTN)ProgrammeandaGreenBondFrameworkNEAwillusetheproceedsfromtheissuanceofNotestofinancesustainableinfrastructureprojectsincludingitsflagshipwastemanagementprojectTuasNexusIWMFNEAsissuanceofgreenbondswillhelpdevelopgreenfinancesolutionsandmarketssupportingSingaporesvisiontobecomealeadingcentreforgreenfinance
