Carbon tax

Jurong Island’s ‘balancing act’: Going green while sustaining jobs and growth

The petrochemical hub’s transition comes amid the oil down-cycle and a looming carbon tax hike

Malaysia Prime Minister Anwar Ibrahim (right), who also serves as finance minister, described the Budget as “not just an annual financial plan, but a historic compass for the era ahead”.
NEWS ANALYSIS

Malaysia PM Anwar’s 2026 Budget balances growth and fiscal restraint

It underscores a shift towards fiscal consolidation, anchored by wider public-sector coordination

Global climate funds significantly shifted allocations to Europe and the Asia-Pacific in the first half of 2025, an MSCI analysis shows.
ESG INSIGHTS

Issue 164: Hong Kong eyes South-east Asia sustainable finance prize; Singapore buys first Article 6 carbon credits

This week in ESG: Report finds growing activity in green Asean; Singapore awards contracts to four nature-based projects

Janil Puthucheary, Senior Minister of State for Sustainability and the Environment (right), speaking at the DBS Regenerative Festival in a fireside chat moderated by the bank’s CEO Tan Su Shan.

Pace of carbon tax increase will likely depend on state of economy, SMEs: Janil Puthucheary

Singapore’s carbon tax on companies that emit at least 25,000 tonnes of greenhouse gas annually is currently set at S$25 per tonne

The coalition, which also brings together Somalia, Benin, Sierra Leone and Antigua and Barbuda, said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private jets.

Eight-country coalition aims to tax luxury air travel

The group has suggested levies on flying could raise up to 187 billion euros if they were applied across the board

Dirk Forrister, CEO of Ieta, says: “It’s inefficient to have a different rule book every place you go. It just adds cost and delay.”

Harmonised framework within Asean will attract investors: global carbon trading body

Registry systems that are unified across the region with carbon market data that can be tracked and updated in real time will help enhance transparency and ensure that there is no double counting of c...

All Singapore-listed companies are required to make climate disclosures aligned with the International Sustainability Standards Board from FY2025.
BUDGET 2025

Sustainability reporting, carbon credits among key concerns ahead of Budget 2025

Tax incentives and help with training to handle the reporting requirements are on the wish list

The tax function can promote sustainability through the use of various government tax- and grant-related schemes and frameworks.

How tax professionals can play a role in a company’s sustainability journey

They can assess ESG-related schemes to help firms reduce their carbon tax costs, contribute towards causes, and adopt good tax governance

Lush forests at the Southern Cardamom project, which protects 497,000 ha of tropical rainforest in South-west Cambodia.

Asean’s carbon market could generate US$3 trillion revenue by 2050: report

The revenue would come from a variety of carbon initiatives potentially worth up to US$267.7 billion by then

Emission factors for the same activity can vary widely depending on location.
ESG INSIGHTS

Issue 120: Singapore launches emission factor registry; the complexities of a common carbon price

This week in ESG: A basic but important step for localised emission calculations; minister calls for global carbon pricing