Carbon taxation in Singapore's semiconductor sector: a mini-review on GHG emission metrics and reporting
Abstract The threat of climate change has catalyzed global endeavors to curb greenhouse gas emissions, with carbon taxation emerging as a pivotal policy instrument. Singapore, akin to Taiwan, has embraced this tool, and its ramifications on their semiconductor industry are both profound and multifac...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Springer
2023-12-01
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| Series: | Carbon Research |
| Subjects: | |
| Online Access: | https://doi.org/10.1007/s44246-023-00082-0 |
| _version_ | 1797376768739377152 |
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| author | Yuanzhe Li Yan Wang Daphne Chong Zhongqi Xu Luzi Li Yuchun Hu |
| author_facet | Yuanzhe Li Yan Wang Daphne Chong Zhongqi Xu Luzi Li Yuchun Hu |
| author_sort | Yuanzhe Li |
| collection | DOAJ |
| description | Abstract The threat of climate change has catalyzed global endeavors to curb greenhouse gas emissions, with carbon taxation emerging as a pivotal policy instrument. Singapore, akin to Taiwan, has embraced this tool, and its ramifications on their semiconductor industry are both profound and multifaceted. At the outset, the imposition of carbon taxes inevitably escalates production costs for semiconductor firms, compelling them to offset their carbon footprint financially. This escalation, in turn, poses a risk of eroding the industry's competitive edge, nudging firms to contemplate the prospect of migrating to locales with more lenient carbon taxation regimes. However, in juxtaposition to these challenges, carbon taxation unveils a silver lining. It instigates semiconductor entities to recalibrate their operations, infusing energy-efficient technologies and pivoting towards renewable energy avenues. Such transitions not only attenuate their carbon emissions but also curtail their financial burden arising from carbon taxation. This manuscript elucidates a panoramic landscape of both policy innovations and technological strides specific to Singapore's semiconductor arena. It aims to be an instrumental compass for stakeholders, delineating pathways for achieving optimal eco-financial equilibrium in the sector. Graphical Abstract |
| first_indexed | 2024-03-08T19:43:23Z |
| format | Article |
| id | doaj.art-5f73205b30294ed59483e8f0b88a2f9d |
| institution | Directory Open Access Journal |
| issn | 2731-6696 |
| language | English |
| last_indexed | 2024-03-08T19:43:23Z |
| publishDate | 2023-12-01 |
| publisher | Springer |
| record_format | Article |
| series | Carbon Research |
| spelling | doaj.art-5f73205b30294ed59483e8f0b88a2f9d2023-12-24T12:30:41ZengSpringerCarbon Research2731-66962023-12-012111510.1007/s44246-023-00082-0Carbon taxation in Singapore's semiconductor sector: a mini-review on GHG emission metrics and reportingYuanzhe Li0Yan Wang1Daphne Chong2Zhongqi Xu3Luzi Li4Yuchun Hu5School of Civil and Environmental Engineering, University of AucklandNanyang Technological UniversityNanyang Technological UniversityDalian University of Finance and EconomicsUniversity of LeicesterLondon Metropolitan UniversityAbstract The threat of climate change has catalyzed global endeavors to curb greenhouse gas emissions, with carbon taxation emerging as a pivotal policy instrument. Singapore, akin to Taiwan, has embraced this tool, and its ramifications on their semiconductor industry are both profound and multifaceted. At the outset, the imposition of carbon taxes inevitably escalates production costs for semiconductor firms, compelling them to offset their carbon footprint financially. This escalation, in turn, poses a risk of eroding the industry's competitive edge, nudging firms to contemplate the prospect of migrating to locales with more lenient carbon taxation regimes. However, in juxtaposition to these challenges, carbon taxation unveils a silver lining. It instigates semiconductor entities to recalibrate their operations, infusing energy-efficient technologies and pivoting towards renewable energy avenues. Such transitions not only attenuate their carbon emissions but also curtail their financial burden arising from carbon taxation. This manuscript elucidates a panoramic landscape of both policy innovations and technological strides specific to Singapore's semiconductor arena. It aims to be an instrumental compass for stakeholders, delineating pathways for achieving optimal eco-financial equilibrium in the sector. Graphical Abstracthttps://doi.org/10.1007/s44246-023-00082-0SingaporeSemiconductor industryCarbon taxTechnology developmentGHG policy |
| spellingShingle | Yuanzhe Li Yan Wang Daphne Chong Zhongqi Xu Luzi Li Yuchun Hu Carbon taxation in Singapore's semiconductor sector: a mini-review on GHG emission metrics and reporting Carbon Research Singapore Semiconductor industry Carbon tax Technology development GHG policy |
| title | Carbon taxation in Singapore's semiconductor sector: a mini-review on GHG emission metrics and reporting |
| title_full | Carbon taxation in Singapore's semiconductor sector: a mini-review on GHG emission metrics and reporting |
| title_fullStr | Carbon taxation in Singapore's semiconductor sector: a mini-review on GHG emission metrics and reporting |
| title_full_unstemmed | Carbon taxation in Singapore's semiconductor sector: a mini-review on GHG emission metrics and reporting |
| title_short | Carbon taxation in Singapore's semiconductor sector: a mini-review on GHG emission metrics and reporting |
| title_sort | carbon taxation in singapore s semiconductor sector a mini review on ghg emission metrics and reporting |
| topic | Singapore Semiconductor industry Carbon tax Technology development GHG policy |
| url | https://doi.org/10.1007/s44246-023-00082-0 |
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