S'pore mulls prepaid carbon credits to link up with systems elsewhere
Under draft bill, liable facilities will buy and surrender carbon credits according to their emissions
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SINGAPORE, in preparing for the possible integration of its carbon tax framework with 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 corresponding to their greenhouse gas emissions, according to a draft carbon pricing bill.
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