Carbon Pricing Act Compliance: Critical Rules for Businesses Affected by Singapore's Carbon Tax
Affected by Singapore's carbon tax? In Episode 3 of GreenCo's Carbon Tax series, we cover the critical compliance rules that reportable and taxable facilities need to know under the Carbon Pricing Act (CPA).
Key Takeaways for Businesses
- Registration and reporting deadline – registration and annual emissions reporting are due by 30 June, through the National Environment Agency's Emissions Data Monitoring and Analysis (EDMA) system.
- Scope 1 emissions covered – direct emissions of seven greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulphur hexafluoride (SF6) and nitrogen trifluoride (NF3).
- International carbon credits – since 2024, taxable facilities can use eligible high-quality international carbon credits to offset up to 5% of their taxable emissions.
- EITE support – a transition framework supports emissions-intensive, trade-exposed (EITE) sectors to help them stay competitive while they decarbonise.
Getting Compliance Right
At S$45 per tonne, small errors in emissions data can become costly. Robust monitoring plans, reliable data processes and well-documented emissions reports help you stay compliant and avoid overpaying. Learn about GreenCo's GHG emissions calculation and ESG data portal.
Watch the Full Carbon Tax Series
Previous: Episode 2 – Who Pays Singapore's Carbon Tax?
Next: Episode 4 – How Carbon Tax Affects Households
#CarbonTax #ESGCompliance #SingaporeBusiness #Scope1Emissions #ClimatePolicy #NetZero
Learn with GreenCo: All-Round ESG Advisory, Built from Scratch
These learning videos are produced by GreenCo, an ESG and climate risk advisory firm in Singapore and Hong Kong that has supported more than 80 listed companies since 2016. We provide all-round ESG advisory services under one roof, from sustainability reporting and climate disclosures to GHG accounting, climate scenario analysis, ESG ratings and assurance. We can build your ESG framework, data processes and reports from scratch, and our consultants stay actively involved throughout the whole project, not just at kick-off and sign-off.
We use AI and digital tools to work faster, but AI is a tool, not the advice. The real value comes from our consultants' professional judgement: understanding your business, interpreting the rules, challenging the numbers and making sure every disclosure stands up to scrutiny.
Our Values
- Integrity – credible, decision-useful disclosures, prevent greenwashing.
- Partnership – hands-on involvement from day one to end of project.
- Tailored expertise – solutions built around your business.
- Knowledge sharing – making ESG regulations clear and accessible for everyone.
- Innovation – using technology to make sustainability work more efficient.
Our Team's Professional Credentials
- Fellow Certified Public Accountant (FCPA)
- Chartered Financial Analyst (CFA) – CFA Institute
- Financial Risk Manager (FRM) – Global Association of Risk Professionals (GARP)
- Certified ESG Analyst (CESGA)
- Sustainable Investing Certificate – CFA Institute
- GRI Certified Professional
- Practitioner Member – Institute of Sustainability and Environmental Professionals (ISEP)
- GRI Certified Sustainability Professional – Global Reporting Initiative (GRI)