The Business Times
business-time-50

Singapore close to unveiling carbon credits whitelist: sources

google-preferred-sourceAdd BT as a preferred source

Wong Pei Ting

Published Fri, Sep 22, 2023 · 06:43 PM
    • A Ministry of Sustainability and the Environment spokesperson has reiterated that international carbon credits eligible for carbon tax offset will need to be of high environmental integrity and compliant with Article 6 of the Paris Agreement.
    • A Ministry of Sustainability and the Environment spokesperson has reiterated that international carbon credits eligible for carbon tax offset will need to be of high environmental integrity and compliant with Article 6 of the Paris Agreement. PHOTO: AFP

    THE SINGAPORE government is planning the imminent release of a list of acceptable carbon credits that companies may use to partially offset their taxable emissions, The Business Times has learnt.

    The whitelist is expected to highlight eligible host countries, crediting programmes and methodologies. As previously announced, Singapore’s carbon tax will increase to S$25 per tonne in 2024 from S$5 currently. Companies will be able to use credits on the whitelist from 2024 to offset up to 5 per cent of their taxable emissions.

    In response to BT’s queries, a spokesperson from the Ministry of Sustainability and the Environment (MSE) said it is “on track” to publish the list by the end of this year, with the introduction of the International Carbon Credits Framework.

    Carbon taxCarbon creditsESGGreen goalsMinistry of Sustainability & EnvironmentDecarbonisationSpotlight

    TRENDING NOW

    This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Koh Boon Hwee says humans have accepted that robots can take over the most repetitive, manual tasks, but are nervous about AI, which can also think.

    With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More