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Singapore

May 17, 2023

Singapore expands green finance plan to decarbonize economy

The Monetary Authority of Singapore (MAS) has announced that to decarbonize the economy, Singapore will expand its focus, which is now solely on green finance, to the one that also includes transition finance by mapping out clear definitions, encouraging
June 09, 2022

Travelers can cut carbon footprint under Singapore Airlines’ new scheme

Singapore will introduce a carbon credit program for sustainable aviation fuels in July, providing businesses and travelers with the option of paying additional costs to cut their carbon footprint when flying and transporting goods by air.
May 09, 2022

Singapore carbon exchange to launch carbon offset futures trading

To meet the growing demand from businesses to hedge their risks from greenhouse gas emissions, AirCarbon, a Singaporean carbon exchange, is collaborating with Germany’s main bourse, Deutsche Boerse AG, to create futures trading for carbon offsets as early
April 13, 2022

EV credits scheme launched in Singapore to support sustainable transition

Singaporean carbon trading company CRX CarbonBank launched on Tuesday the Electric Vehicle Accelerator initiative, a scheme that generates caron credits based on greenhouse gas emissions avoided by electric vehicle charging points, allowing charging stati
February 21, 2022

Singapore announces 500% rise in carbon tax from 2024

Singapore will raise its carbon tax by 500% to SG$25 per tonne in 2024, said Lawrence Wong, the city-state’s finance minister, as the government strives to achieve its net zero goal by 2050.
January 21, 2022

Singapore plans to increase carbon tax in 2022 budget

Singapore's Finance Minister Lawrence Wong has said in parliamentary interpellation that the government plans to raise the carbon tax in its 2022 Budget.
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