Disclosing Emissions and Carbon Tax Relief of Individual Companies and Their Facilities to Subject Them to Greater Scrutiny

52 Mr Foo Cexiang asked the Deputy Prime Minister and Minister for Trade and Industry whether the Ministry will consider disclosing the carbon tax relief given to individual companies and the emissions of their facilities to subject them to greater scrutiny and strengthen their incentive to decarbonise.

Mr Gan Kim Yong: We plan to release aggregated data on carbon tax allowances in 2027. As the Ministry of Trade and Industry had previously shared, we need to find a suitable balance between providing transparency on allowances while, at the same time, respecting the legitimate commercial sensitivities of companies.

I want to reassure Members that allowances are not a free pass for emissions-intensive and trade-exposed companies to continue emitting, like business as usual. They are judiciously assigned for only a proportion of a company's Scope 1 emissions. Recipient companies must also submit credible net-zero decarbonisation plans, which the Government reviews and holds them accountable for.

We will review and adjust allowances based on how companies have delivered on their decarbonisation plans, as well as international developments and advancements in decarbonisation technologies.