Singapore: Road Traffic Act

This Act sets out the regulations related to road traffic, and the use of vehicles in Singapore.  It specifies that it is illegal to drive any vehicle that does not meet the minimum standards proscribed in this Act, and designates the categories of vehicles, and the taxes on them.

Date Implemented: 1961; revised 1970, 1985, 1994, 1997, 2004

Status: In Force; Mandatory

Singapore: Investment Allowance Scheme

The government offers a tax exemption equal to a specified proportion of an investment made towards modernizing equipment for increased energy efficiency/productivity by 20% or more.

Date Implemented: revised 2005

Status: In Force; Voluntary

References: National Communication to the UNFCCC

http://www.scal.com.sg/index.cfm?GPID=255 

Singapore: Local Enterprise Finance Scheme (LEFS)

This incentive is intended to help local enterprises defray the cost of modernizing and upgrading their operations, including making them more energy efficient. It awards fixed interest rate loans (Maximum of $15 million) to local enterprises for factory upgrades and other operational improvements. 

Status: In Force; Voluntary

Singapore: Local Enterprise Technical Assistance Scheme (LETAS)

This incentive is intended to help local enterprises defray the cost of modernizing and upgrading their operations, including making them more energy efficient. It allows them to employ external expertise for the process. They can get financial grants of up to 70% of the cost of the consultancy (S$40,000 MAX)

Status: In Force; Voluntary

References: National Communication to the UNFCCC

Singapore: Educational and Awareness Campaigns

The government has instituted education and awareness campaigns. The National Environmental Agency provides educational materials and brochures. Green Circle promotes recycling and environmental awareness for children. More examples available at: http://app.nea.gov.sg/cms/htdocs/category_sub.asp?cid=67 and at http://app.nea.gov.sg/

Status: In Force; Government Initiative

Singapore: Income Tax Act

To encourage companies to replace old, energy-consuming equipment with more energy efficient ones and to invest in energy-saving equipment, including solar equipment, Singapore has developed a one-year accelerated depreciation allowance for energy efficient equipment and technology.  Provisions in the Income Tax Act promote efficiency by allowing expenditure to improve efficiency to be deducted as an expenditure rather than as a capital expenditure that has to be depreciated over time.

Singapore: Energy Standards of the Building and Construction Authority (BCA)

Singapore: Liberalizing the Energy Sector

Saudi Arabia: Privatization of power companies

The government has implemented a policy of privatization of power companies and destruction of the power pricing system in an attempt to decrease unnecessary overconsumption.

Status: In Force; Mandatory

References: http://www.un.org/esa/agenda21/natlinfo/wssd/saudiarabia.pdf

South Korea: Tax incentives

The government offers tax incentives and low interest loans to companies to encourage alternative energy use.  The plan includes measures to require the corporate sector to use more efficient energy sources in their production facilities by 2008. 

Date Implemented: 2004

Status: In Force; Voluntary

Funding Information: $40 million