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Verification of Greenhouse Gas Emissions Under Carbon Pricing Act (CPA)

Verify your emission report with TÜV SÜD

WHAT IS CARBON PRICING ACT (CPA)?

Singapore ratified the Paris Climate Agreement in 2016, an international treaty to reduce greenhouse gas emissions & combat climate change. Under the agreement, Singapore pledged to reduce its Emissions Intensity (EI) – the amount of GHGs emitted per dollar GDP – by 36 per cent from 2005 levels by 2030, and to stabilise emissions with the aim of peaking around 2030.

As a key step in its climate strategy, Singapore has implemented the Carbon Pricing Act (CPA) that introduces a carbon tax to help reduce greenhouse gas (GHG) emissions. With effect from 2019, all industrial facilities emitting 25,000 tCO2e or more GHG emissions will have to pay a carbon tax from 2020. The carbon tax will be levied at $5 per tonne of GHG emissions from 2019 to 2023.

GREENHOUSE GAS EMISSIONS VERIFICATION UNDER CPA WITH TÜV SÜD PSB

In Aug 2019, TÜV SÜD PSB is awarded the accreditation by Singapore’s National Environmental Agency (NEA) as an accredited external auditor to conduct independent verification of greenhouse gas emissions (GHG) under the Carbon Pricing Act (CPA) 2018 and the Carbon Pricing (Measurement, Reporting and Verification) Regulations 2018 for all non-complex sectors and complex sectors 1 & 2.

Types of Industrial Sectors:

Complex sectors:
Sector 1: Refining of oil and gas, and large-scale manufacture of chemical products.
Sector 2: Manufacture (other than large scale manufacture) of chemical products.

Sector 3: Manufacture of semiconductor devices and wafers.

Non-complex sectors:
Any industry sector that is not a complex sector as described above

THIRD-PARTY VERIFICATION OF EMISSIONS REPORT  

Under the CPA, a taxable facility is required to submit Monitoring Plan and Emissions Report annually. Emissions report needs to be prepared based on approved monitoring plan and verified by an NEA-accredited independent verifier prior to submission to NEA by 30th June each year, following the end of reporting period. A carbon tax is charged on the total amount of reckonable GHG emissions as set out in the emissions report.

The purpose of a verification is to provide an objective assessment of the accuracy and completeness of the reported GHG emissions and its conformance to ISO 14064-3 & the CPA and its Regulations.

A verification engagement comprises four (4) main stages as follows:

  1. Pre-assessment assessment: To evaluate the TÜV SÜD PSB’s capability to undertake specific verification services including required resource, cost and time.
  2. Verification Planning: To conduct strategic & risk assessment of facility’s operation and plan for verification process.
  3. Conducting Verification: To perform verification activities.
  4. Verification Reporting: To submit verification report & statement to NEA.

TÜV SÜD SUPPORTS YOU IN IMPROVING ENERGY AND CARBON EFFICIENCY

At TÜV SÜD, we provide the most suitable specialists to carry out the verification activities. TÜV SÜD’s experts hold various international and national accreditations to satisfy local requirements for combined auditing and verification services. With global presence of more than 1000 locations, TÜV SÜD is a one-stop solution provider for Energy & Carbon related technical services.


YOUR BENEFITS AT A GLANCE

  • Comply with NEA’s Carbon Pricing Act & its Regulations – with GHG verification under CPA.
  • Develop a sustainable carbon reduction plan and strategy – by understanding your own carbon footprint and the impacts of your efforts to reduce CO2 emissions.
  • Reduce cost – minimising carbon emissions can contribute to significantly reducing your regulatory and environmental liability.
  • Greater confidence and transparency – as an internationally accredited certification body, TÜV SÜD is committed to maintaining transparency of organisation’ internal processes.
  • Enhance your reputation – through CPA compliance, operators can demonstrate environmental commitment by reducing emissions of greenhouse gas. 

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