Platts launches Singapore-eligible International Carbon Credit price assessments Jan. 15

Platts, part of S&P Global Energy, has launched new price assessments for Singapore-eligible International Carbon Credits, or ICCs, effective Jan. 15, 2026.

These assessments will reflect activity in both the spot and forward delivery markets for ICCs.

ICCs, under the Singapore carbon tax regime, are tradeable voluntary carbon credits generated by mitigation activities that meet high-integrity standards and criteria set by the government.

The Eligibility Criteria prescribed by the National Environment Agency of Singapore can be found here .

Singapore's carbon tax, introduced in 2019, applies to facilities emitting 25,000 mt or more of CO2 annually. Rates are set to increase progressively from S$25/mtCO2e in 2024-25, and S$45/mtCO2e in 2026-27, reaching S$50-80/mtCO2e by 2030.

Since Jan. 1, 2024, covered facilities have been allowed to offset up to 5% of their taxable emissions using ICCs that meet strict integrity criteria outlined by the government and in line with Article 6 of the Paris Agreement.

The specifications of the new price assessments are as follows:

• Volume: 1,000-20,000 mtCO2e
• Currency: Singapore dollars
• Vintage: Between 2021 to 2030 (as per the NEA)
• Unit of measurement: Singapore dollars per metric ton of CO2 equivalent (S$/mtCO2e)
• Delivery: Spot and forward markets
• Frequency: Weekly (Thursdays )
• Time stamp: 17:30 Singapore time
• Platts publishing calendar: Asia-Pacific carbon calendar

Platts also publishes US dollar conversions, along with monthly averages for the assessments.

The first monthly averages will be published for the full month of February.

The new symbols are as follows:

The delivery period will roll over on the first working day of the calendar year.

In the event that Thursday is a public holiday, Platts will assess on the prior working day.

These symbols can be found in Carbon Markets Daily, and S&P Global Energy Core in the service lines ETA and CMA, and in the fixed pages ETA2017, ETA2018, CMA 2017 and CMA 2018 from Feb. 2 onwards.

Please send any comments, feedback and questions to platts_carbon@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make those not marked as confidential available upon request.