Singapore’s National Environment Agency and Ministry of Sustainability and Environment announced that companies liable for carbon tax can carry forward unused International Carbon Credit offset quota from emissions year 2025 to 2026. The rollover is a temporary measure to address the limited supply of eligible credits as international carbon markets develop. Companies can offset up to 5% of taxable emissions using high-quality international carbon credits.
- 💰 The carbon tax rate will increase to $45 per tonne in emissions year 2026, with a credit conversion formula applied to adjust carried-over 2025 offset amounts.
- 🌍 The Government has signed 11 Implementation Agreements and launched application calls for carbon credit projects in Bhutan, Ghana, Peru, Rwanda, and Thailand from late 2025 to early 2026.
- ⏳ Offset quota carried over from emissions year 2024 to emissions year 2025 will expire and cannot be carried forward further.
Source: National Environment Agency – Read the full article →
