ESG Insights

Issue 6: Temasek’s internal carbon pricing; Top Glove’s Scope 3

Published Fri, Aug 11, 2023 · 03:20 PM

Temasek’s plans to raise its internal carbon price to US$100 per tonne by 2030, which would move it from near the bottom to the top of the range recommended by the High-Level Commission on Carbon Prices of the Carbon Pricing Leadership Coalition. ILLUSTRATION: KENNETH LIM

In this issue: Temasek raises the amount that it charges internally for emissions, while Top Glove’s use of negative emissions raises questions

Singapore

Internalising carbon’s cost

Temasek’s raising its internal carbon price to US$50 per tonne of carbon dioxide equivalent. The Singapore government-owned investment company will raise that price even further over the next 8 years, until it reaches US$100 per tonne in 2030.

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