In recent years, more people have embarked on the FIRE (Financial Independence, Retire Early) journey.
While many may associate this movement with early retirement, a FIRE lifestyle is in fact one that is also low carbon and sustainable.
FIRE proponents usually also choose to take public transport which has a much lower emissions per passenger kilometre travelled compared to a private car.Second, by actively seeking to lower expenses, individuals pursuing the FIRE lifestyle often buy or adopt preloved clothes and items.Every product that is manufactured generates GHG emissions from the extraction of raw materials and manufacturing, all the way to its disposal.
Unlike a regular carbon price which is placed on carbon emissions within a territory, such as the emissions associated with the generation of electricity in Singapore, the carbon border adjustment tax places a carbon price on imported products.A FIRE lifestyle prepares one for such a future by encouraging individuals to reduce waste and participate actively in the circular economy.
The cost of international shipping is likely to increase as more regulations are imposed on the fossil fuel-dependent shipping industry to meet the climate targets set out by the International Maritime Organisation .Fourth, changes to one’s diet can reduce the pain on our wallets and on the environment.
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