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Navigating Singapore’s Carbon Tax: A Practical Guide for Businesses

Submitted by Jeslyn Chen on
  • Singapore’s carbon tax will rise from S$25 per tonne in 2024 to between S$50 and S$80 by 2030, making early decarbonisation planning essential for cost control. 

  • Businesses can offset up to 5% of their carbon tax using International Carbon Credits (ICCs) under the Carbon Pricing (Amendment) Act 2022.

  • Low-carbon technologies, such as carbon mineralisation, green concrete, and battery generators, offer practical pathways to reduce emissions and strengthen competitiveness. 

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