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Carbon Market in Singapore

November 2010 - Projects, Energy & Natural Resources . Legal Developments by Loo & Partners.

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In conjunction with the Singapore International Energy Week (21 October – 4 November, 2010), the Singapore government announced its intention to introduce carbon pricing if a global treaty is reached to curb carbon emissions.

The two likely approaches are capand- trade systems and carbon taxes. A cap-and-trade system sets quantitative targets for emission reductions for a period of time and allows companies to buy and sell “rights” to produce the targeted emissions.

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