Webinars Asia Pacific EHS Regulatory Outlook 2015 | Page 19

Increase in Climate Change Initiatives - Examples
China: Recently issued its first national level
regulation concerning carbon emissions trading

South Korea: Will carry out a 3-phase emission
trading system, with the first phase having begun
on 1 January 2015

Singapore: 1) Released Singapore Blueprint
2015; 2) Singapore Energy Conservation Act

Vietnam: Adopted the National Action Plan for
the implementation of the Environmental
Protection Strategy up to 2020
Malaysia: Would voluntarily reduce its
greenhouse gas (GHG) emissions intensity by
up to 40% compared to 2005 levels.

Australia: Enacted the emission reduction fund
(ERF) in 2014
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