Singapore - Eligible International Carbon Credits Under The Carbon Pricing Act: The State Of Play And Implications For Businesses. - Conventus Law

Singapore - Eligible International Carbon Credits Under The Carbon Pricing Act: The State Of Play And Implications For Businesses. - Conventus Law

The National Environment Agency (“NEA”) recently announced that carbon tax-liable companies will be allowed to roll over into 2025 their unused limit of eligible international carbon credits (“EICCs”) from 2024. This decision arose out of the current limited supply of such credits. This update explains what EICCs are, how they work under the Carbon Pricing Act 2018 (“CPA”), the process of sourcing and obtaining them, and the key issues these com…