Singapore is currently the only country in Southeast Asia with a carbon tax, though Indonesia will start charging for emissions too in April 2022. Image:Wikimedia Commons/ Merlion 444.
In May 2021, it was announced that a new global carbon exchange, Climate Impact X (CIX), will be launched in Singapore by end of the year for the trading of high-quality carbon credits. The Monetary Authority of Singapore promoted CIX as a “promising solution to the problem we...
Carbon credits can play an important part in the overall, global net-zero journey. Although neither the RE100 nor SBTi framework endorse the use of carbon credits in the first instance, as a substitute for emissions reduction activities, they can still be used to offset residual emissions, eith...
Grab purchases high quality carbon credits, such as those from the Katingan Mentaya Project in Indonesia. The project restores natural forests and conserves peatland habitats, preventing the release of greenhouse gases equivalent to 447 million tonnes of carbon dioxide over 60 years. The project also...
“Being a leading power company in Indonesia, Medco Power is happy to partner with Singtel in their decarbonisation efforts to achieve net-zero operational carbon emissions for its data centres in the region.” - Eka Satria, Director & Chief Executive Officer, Medco Power Indone...
from the Katingan Mentaya project, part of Shell’s global portfolio of nature-based carbon credits that protect, transform or restore land, allowing nature to absorb more CO2emissions from the atmosphere,” saidDoong Shiwen, National Sales...
Carbon credits Qualifying physical trade The programme also provides incentives for physical trade activities, such as: Re-export trade - Only trade with no value added is eligible. Offshore trade - Goods do not pass through Singapore. Trans-shipment trade - Transferring cargo from one tra...
Challenges are mounting for Singapore's refiners and petrochemical producers as the new tax rate risks lowering their competitiveness. Elsewhere in southeast Asia,Indonesiais the only other country that has shown a degree of seriousness in taxing carbon emissions. ...
Insights into global challenges that move our world today and in the future. Discover stories News Media Latest news releases View all news BASF has been present in Singapore since 1978, supplying customers from various industries, including chemicals, construction, electronics, agriculture, personal ca...
Some countries have strategic oil reserves; others stockpile rice or wheat. The island nation ofSingaporehas emergency reserves of imported sand. The government is now being forced to tap its sand hoard after its usual supplier,Indonesia, abruptly banned exports in February in a string of disputes...