Carbon Emission Tag

Singapore has priced its carbon tax at SGD25 (USD18.6) per ton for 2024 and 2025, a major increase from the 2019-2023 levels of SGD5 (USD3.71) per ton, as reported by Strait Times on February 18. According to Singapore’s FY22 Budget Statement, the carbon tax will...

The Korea Fair Trade Commission (KFTC), South Korea's antitrust regulator, will impose a KRW20.2bn (USD16.9m) fine on Mercedes-Benz [DAI:GR] and its local subsidiaries for fabricating gas emission data of diesel passenger vehicles, as reported by Reuters on February 7. To manipulate emission data during certification...

Singapore is evaluating its carbon tax level and will announce the revised rate for 2024 in its 2022 Budget on February 18, as reported by Straits Times on January 25. Singapore has set the carbon tax rate from 2019 to 2023 at SGD5 (USD3.71) per...

Japan aims to release a preliminary estimate for the country’s “green GDP” by the end of March 2022, as reported by Reuters on January 24. The Japanese government has been drafting the new economic indicator in this fiscal year, which considers the impact of carbon...

POSCO [5490:KS], the world’s fifth-largest steelmaker, plans to build two mini mills featuring low carbon emissions and high utilization rate by 2027, as reported by Korean Economic Daily on December 20. The two mini mills will use electric arc furnaces (EAF) to produce high-quality steel...

The Executive Yuan plans to revise Taiwan’s carbon emissions target for 2030 by the end of 2022, to get in line with the temperature goals set in the Paris Agreement according to the Glasgow Climate Pact, an agreement reached at the COP26 summit ended on...

Beijing-Shanghai High Speed Railway [601816:CH] published its first ESG report for FY20 on November 15, as reported by XinhuaNet on the same day. It is the first time for the company to disclose its ESG policies and performances, strictly following the nationally-recognized standards and the...

Indonesia has formed a new regulation, called the Economic Value of Carbon, to establish a carbon trading market mechanism, as reported by Reuters on November 15. The country’s environment ministry affirmed it, though the government has yet made the new regulation public. The carbon trading...

Part 1 mainly discussed the background of carbon accounting and the calculation approaches of physical carbon accounting. In this part, the article will continue the topic of carbon accounting from the disclosure and financed emission perspective. Carbon accounting information disclosure methods can be divided into disclosures...

President Xi Jinping announced that China will no longer build new coal-fired power projects abroad at the opening meeting of the 76th United Nations General Assembly (UNGA) on September 21, as reported by The Strait Times on September 22. The president also repeated last year’s...

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