Singapore is allowing companies to roll over unused International Carbon Credit (ICC) offset quotas from 2025 to 2026. This move addresses a shortage of eligible credits that has prevented firms from hitting their 5% offset cap. Because the carbon tax increases from $25 to $45 per tonne in 2026, a conversion factor will be applied to any carried-forward offsets. The government is implementing this as a temporary measure while it works to expand credit supply through Article 6 agreements with partners like Ghana and Thailand.
