S'pore studying option for emitters to buy international offsets
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The option entails the ability to buy international carbon credits to reduce the carbon tax that is payable in Singapore.
ST PHOTO: ALPHONSUS CHERN
SINGAPORE - Large emitters in Singapore could in the future have the option of buying international carbon credits to reduce the carbon tax they have to pay here, The Straits Times has learnt.
In response to queries, the National Climate Change Secretariat (NCCS) said: "As part of the ongoing carbon tax review, the Government is studying the possibility of allowing the use of high-quality international carbon offsets... to partially offset carbon tax liabilities."
