Singapore's Ministry of Sustainability and the Environment has issued a release on the eligibility criteria for carbon credits under the International Carbon Credit (ICC) Framework that can be used by local companies to offset their emissions liable under Singapore's carbon tax regime. This ICC Framework will allow carbon tax-liable companies to use eligible ICCs to offset up to 5% of their taxable emissions from 1 January 2024. The current carbon tax rate is SGD 5 per tonne of emissions, which is to be increased to SGD 25 per tonne in 2024 and 2025, and to SGD 45 per tonne from...