current year and beyond. Green Plan 2030 will levy $2.10 per tonne1.
Strategy scheduled for later this year. ambitions.
the revised carbon tax framework in 20247. and, consequently, reduce emissions. duties periodically5. decarbonisation targets6.
schemes only permit trading in domestic credits10. short to medium term.
as a market for Australia’s growing supply of carbon credits.
to offset their carbon tax liabilities.
services. carbon pricing rules12.
with manufacture of the relevant products. Parliament, in September 2021. or S$14 million14. the EU importer15. development. CBAM.
However, any broadening of the scope of the CBAM to include other products may have greater implications for Singapore.
accelerate efforts of Singapore-based companies to decarbonise.
area, such as Australia. carbon trading.