Disclosing Emissions and Carbon Tax Relief of Individual Companies and Their Facilities to Subject Them to Greater Scrutiny
Foo Cexiang asked if the Ministry of Trade and Industry would disclose carbon tax relief and emissions data for individual companies to enhance accountability and incentivize decarbonization. Gan Kim Yong responded that aggregated data on carbon tax allowances will be released in 2027, emphasizing the need for a balance between transparency and commercial confidentiality. He assured that carbon tax allowances are not a free pass for high-emission companies, who must submit credible net-zero plans that the government will review and monitor. Adjustments to allowances will be based on companies' decarbonization progress and advancements in technology.