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Posted: June 28th, 2023
Certificate of Entitlement
In this modern century where we are cultured in a technological-advanced environment. non many people can defy the temptation to drive a auto. Ever since 1990. if non for Singapore’s Vehicle Quota System ( VQS ) utilizing the Certification of Entitlement ( COE ) which significantly increases the cost of buying a auto. most people would hold acquired one. By so. it would be tormenting to see the degree of traffic congestion. and more badly. the ensuing C footmark. In the article by Ang ( 2012 ) [ Appendix A ] . it is observed that the monetary value of COE is increasing quickly. In August 2012. COE’s monetary value has reached its extremum. $ 95k. for the unfastened class [ Appendix B ] . Pricing the COE at such a munificent rate. although discourages the purchase of autos. did non stifle one’s desire to possess them. The rich continues to buy autos while the middle-class opts for a cheaper alternate – second-hand market ( Yini.
2012 ) . As a consequence. COE does non assist to cut down the C footmark.
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Current Situation
High Carbon Emission
Singapore presently ranks the top with 4. 20 hectares carbon-emission per capital [ Appendix C ] across Asia Pacific in the World Wide Fund for Nature ( WWF ) ’s populating planet study ( 2012 ) . This figure may be overrated as carbon-emission is measured against Singapore’s little population size. Even so. Singapore should be invariably cognizant of its entire carbon-emission as it has about doubled since 1990. 21. 8Mt. to 2007. 39. 9Mt [ Appendix D ] . These figures are destructive to Singapore as it strongly contradicts Singapore’s green image. thereby harming Singapore’s touristry industry. Furthermore. it is damaging to Singapore’s economic as it deprives Singapore of any credibleness in international dialogues and edifice international relationships. Most significantly. Singapore. being known for its prosperity. can potentially deteriorate the planetary environment in the long-term as other states may follow Singapore’s footfalls in increasing carbon-emission per capita so as to raise per capita income.
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