Singapore Carbon Tax 2026: S$45/t Hike & Business Impact
Clarity for a changing planet — SustainabilityAwakening.com
From 1 Jan 2026
S$25 → S$45 per tonne
+80%
Singapore's carbon tax rate for 2026 and 2027.
Source: NCCS
The trajectory
Rising to S$50–80 by 2030
2019–2023S$5/t
2024–2025S$25/t
2026–2027S$45/t
By 2030S$50–80/t
Source: NCCS
Who pays
Facilities above 25,000 t
About 50 sites emitting at least 25,000 tCO2e a year pay, covering ~70% of national emissions.
Source: NCCS
Worked example
A 100,000 t facility
At S$25/tS$2.5M
At S$45/tS$4.5M
Extra cost+S$2.0M/yr
Source: our calculation, NCCS rates
Offsets
Up to 5% with carbon credits
High-quality international credits meeting Article 6 rules can cover up to 5% of taxable emissions.
Source: NCCS
Support
Allowances for exporters
Emissions-intensive, trade-exposed facilities get allowances tied to efficiency benchmarks and decarbonisation plans.
Ripple effect
Smaller firms pay indirectly
Gas-fired power passes carbon costs into electricity tariffs and supplier prices.
Disclosure
ISSB reporting timeline
Listed: Scope 1 & 2FY2025
STI: Scope 3FY2026
Large non-listedFY2030
Source: ACRA / SGX RegCo, Aug 2025
Your 2026 plan
Three moves now
1. MeasureScope 1–3
2. Price riskS$45–80/t
3. Abatebefore 2030