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Singapore mulls wider carbon market in crafting carbon tax law

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Facilities that have to pay a carbon tax will therefore do so by buying and surrendering the number of carbon credits corresponding to their greenhouse gas emissions, according to a draft carbon pricing bill.

SINGAPORE, in preparing for the possible linkage of its carbon tax framework to external carbon markets in future, will use a credits-based mechanism for its carbon tax.

Facilities that have to pay a carbon tax will therefore do so by buying and surrendering the number of carbon credits

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