Tan See Leng on transition framework for carbon tax and Energy Efficiency Fund

Transitory allowances will be provided only for a proportion of the companies’ emissions, and they are based on internationally-recognised efficiency benchmarks where available or the companies’ decarbonisation plans. The remaining emissions will be subject to the prevailing headline carbon tax. The Government will review and adjust the allowances based on how companies have fared in lowering their emissions, as well as international developments and advancements in decarbonisation technologies.

Transitory allowances will be provided only for a proportion of the companies’ emissions, and they are based on internationally-recognised efficiency benchmarks where available or the companies’ decarbonisation plans. The remaining emissions will be subject to the prevailing headline carbon tax. The Government will review and adjust the allowances based on how companies have fared in lowering their emissions, as well as international developments and advancements in decarbonisation technologies.

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