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Singapore mulls wider carbon market in crafting carbon tax law
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.
PHOTO: ST FILE
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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