The economic value of additive manufacturing in Southeast Asia is expected to reach $100 billion by 2025
2023-10-09
Singapore digital economy contributed 17.3% to GDP in 2022
2023-10-17
On October 4, 2023, a set of eligibility criteria was released to ensure that the carbon credits used by companies to offset part of their taxable emissions are of high quality.
From 2024, the carbon tax will be increased from $5 per tonne now to $25 per tonne, then to $45 per tonne from 2026 to 2027, with a view of reaching $50 per tonne to $80 per tonne by 2030.
Companies can, however, use international carbon credits to offset up to 5 per cent of their taxable emissions. Singapore’s carbon tax applies to all facilities producing 25,000 tonnes or more of greenhouse gas emissions in a year.
To ensure the chosen carbon credits are of “high environmental integrity”, the Government has developed seven principles that each project has to abide by.
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