SINGAPORE (July 8): On Jan 1 this year, the Carbon Pricing Act came into force in Singapore. Under the Act, any industrial facility that emits greenhouse gases (GHG) equal to or above 25,000 tonnes of CO2e, or carbon dioxide equivalent, will have to pay a carbon tax of $5 per tonne of GHG emissions. CO2e is calculated by multiplying the greenhouse gases’ emissions by their 100-year global warming potential.

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