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Singapore's largest telecommunications company, Singtel, has announced the expansion of its internal carbon pricing policy. Going forward, any project with total carbon emissions exceeding 100 tons will be subject to a carbon price of SGD 50 per ton (about USD 37). Previously, this threshold applied only to projects exceeding 1,000 tons. By tightening these regulations, Singtel ensures that the cost of carbon is considered in all new infrastructure and equipment investments.
Internal carbon pricing is a method for companies to manage their carbon costs by internalizing the external cost of carbon emissions. The two most common forms are the shadow carbon price and the internal carbon fee. The key difference between the two is that the shadow price serves as an internal reference without actual taxation, whereas the carbon fee requires payment based on set rates, supporting sustainable corporate development. Experts believe internal carbon pricing offers three major benefits: guiding investment decisions, accelerating low-carbon innovation, and helping companies achieve emission reduction goals.
