Carbon Pricing Bill
- The Carbon Pricing Bill introduces a carbon tax starting at S$5 per tonne of greenhouse gas emissions for facilities emitting 25,000 tonnes or more annually, with plans to increase to S$10–15 by 2030, to incentivize emission reductions and align with Singapore's climate commitments under the Paris Agreement.
- The bill establishes a measurement, reporting, and verification (MRV) regime, transferring existing reporting requirements from the Energy Conservation Act and requiring third-party verification for larger emitters to ensure transparency and accuracy.
- Parliamentarians broadly supported the bill but raised concerns about impacts on household costs, business competitiveness, and the need for support measures like grants and rebates, with the government emphasizing revenue reinvestment into energy efficiency initiatives and monitoring for unfair pricing.