News
News
June 10, 2025
Singapore’s carbon tax revenue falls short of expectations after sharp rate increase
The Singaporean government estimates that the 2024 carbon tax will generate SGD 640 million (about USD 497 million), more than 30% below the original projection.
May 20, 2025UK, EU agree to link carbon trading systems to ease trade barriers
UK and EU reached an agreement to establish a framework compatible with their respective Emissions Trading Systems (ETS) on May 19, which includes defining CBAM exemptions and mutual recognition of emission allowances.
April 07, 2025Shipping faces crossroads with carbon pricing as global talks begin
The International Maritime Organization’s Marine Environment Protection Committee (MEPC) kicked off a five-day meeting on April 7, focusing on technical regulations, energy efficiency, and pollution in the shipping industry.
February 04, 2025Thailand partners with oil companies, university to raise carbon tax awareness
To increase public awareness of the carbon tax, the Thai government has teamed up with Chulalongkorn University and two major oil companies.
July 16, 2024Shipping industry struggles with decarbonization amid green fuel supply, policy challenges
The shipping industry is facing immense pressure to reduce emissions due to underdeveloped decarbonization technologies and tightening carbon tax policies. Major players like Maersk and Taiwan’s top shipping companies—Evergreen, Wan Hai, and Yang Ming—are
May 29, 2024Singapore, Ghana ink carbon credit agreement allowing firms to offset carbon tax
Companies in Singapore aiming to offset part of their carbon tax liability will soon be able to purchase carbon credits from projects in Ghana, following an agreement signed between the two countries on May 27.
May 24, 2024Expert sees more room as global carbon pricing revenue hit record $104 bln
The World Bank released its "State and Trends of Carbon Pricing 2024" report on May 21, marking the first time Taiwan's carbon pricing policy has been included among the 75 operational carbon pricing instruments globally.
May 15, 2024Malaysia carbon exchange to auction first local nature-based carbon credits in July
The Malaysia Carbon Exchange (BCX) will auction its first batch of locally generated carbon credits on July 25. This event marks the expansion of its product offering to include local carbon credits in addition to global carbon credits.
January 15, 2024Thailand ready for carbon tax, aligning with World Bank's five principles
Thailand is preparing to join the league of countries implementing a carbon tax. Ministry of Finance revealed that the department has been collaborating with both domestic and international organizations to draft carbon tax regulations.
January 03, 2024Singapore’s electricity prices rise due to higher carbon tax
Singapore’s gas and electricity prices have risen due to the impact of higher carbon tax, goods and services tax (GST) increments, and rising energy costs.