Greenhouse Gas Verification

The Singapore Carbon Tax Act

The Carbon Pricing Act (CPA) and its accompanying Regulations came into operation on 1 Jan 2019.

The Measurement, Reporting and Verification (MRV) requirements are specified in the Carbon Pricing (Measurement, Reporting and Verification) Regulations 2018 which can be found here.

Reporting of emissions only (Reportable Facility)

Under the Carbon Pricing Act, the responsibility rests with any industrial facility that emits direct greenhouse gas (GHG) emissions equal to or above 2,000 tCO2e annually to register as a reportable facility and to submit an Emissions Report annually.

Facilities would have to consider emissions arising from both Fuel Combustion (FC) and Industrial Processes and Product Uses (IPPU).

Reporting of emissions and payment of carbon tax (Taxable Facility)

Any industrial facility that emits direct GHG emissions equal to or above 25,000 tCO2e annually will be required to be registered as a taxable facility and to submit a Monitoring Plan and an Emissions Report annually.

Taxable facilities will also have to pay a carbon tax from 1 Jan 2019 onwards for reckonable GHG emissions. The carbon tax is set at a rate of $5 per tonne of GHG emissions (tCO2e) from 2019 to 2023. Singapore will review the carbon tax rate by 2023, with plans to increase it to between $10 and $15 per tonne of GHG emissions by 2030.

Estimation of reckonable GHG emissions

In order to determine whether GHG emissions are equal to or above 2,000 / 25,000 tCO2e, and are thereby reportable / taxable, NEA has prepared a spreadsheet (download) to assist facilities in estimating the reckonable GHG emissions from fuel combustion, which is based on a list of common fuel types. Facilities would then have to estimate separately and input into the spreadsheet its reckonable IPPU emissions based on the type of activities/processes carried out.

Third Party Verification of Greenhouse Gas Emissions

Third-party verification of Emissions Report (only applicable to taxable facilities)

Verification involves an independent and objective assessment of the accuracy of the Emissions Report based on the implementation of the Monitoring Plan. The registered corporation could engage TUV NORD Singapore, as an NEA-accredited third-party verifier, to verify each taxable facility’s Emissions Report annually, before submitting the Emissions Report to Singapore National Environment Agency by 30 June of the year following the end of each reporting period. Only information relating to reckonable greenhouse gas (GHG) emissions is subjected to third-party verification.

Verification Report submission and templates

TUV NORD Singapore will use the following templates provided by NEA to prepare for the conduct of verification and the final verification report:

  1. Notice of verification template
  2. Verification plan summary template
  3. Verification report template

The templates can be downloaded from the Emissions Data Monitoring and Analysis (EDMA) system at NEA..

TUV NORD Singapore as Accredited External Auditor under the Carbon Pricing Act 

Besides serving non-complex industry sectors, TUV NORD Singapore has been accredited to conduct third-party greenhouse gas verification under the Carbon Pricing Act for the indicated sectors.

Sector 2. Manufacture (other than large scale manufacture) of chemical products.

We look forward to your enquiry

TÜV NORD Singapore
20 Bendemeer Road #04-06 BS Bendemeer Centre
Singapore 339914

Tel.: +65 6904 6700