Verify your emission report with TÜV SÜD
Verify your emission report with TÜV SÜD
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 initial carbon tax rate was set at $5 per tonne for 2019 to 2023, to provide a transition period for businesses to adjust. The carbon tax rates will be raised to:
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
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:
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.
Please view the Application & Process Flow of a GHG Validation or Verification programme.
GHG verification under the Carbon Pricing Act (CPA) Singapore ensures the accuracy of a business’ greenhouse gas (GHG) emission data. An impartial audit ensures the reports are accurate and fair to all parties involved.
Businesses with substantial emissions (more than 25,000 tons of CO2 equivalent per year) must undergo GHG verification per the CPA. The process proves commitment to measuring and managing a business’ carbon footprint. Transparency can help you establish your reputation, acquire environmentally conscious customers, and guarantee compliance with the law.
TÜV SÜD serves as your GHG verification guide. Accredited by the National Environmental Agency (NEA), TÜV SÜD guarantees expertise and experience. TÜV SÜD works closely with your team to understand your operations and analyse the data. As a GHG verification guide, TÜV SÜD ensures that your business meets all technical specifications. Your organisation can expect clear communication and detailed reporting at all stages.
If your company emits more than 25,000 tons of CO2 equivalent per year, Singapore mandates GHG Verification under the Carbon Pricing Act. This includes industries like manufacturing, power generation, and waste management. However, voluntary verification can help smaller businesses demonstrate their commitment to sustainability.
Enhanced reputation and increased stakeholder confidence can be expected. TÜV SÜD’s GHG verification services offer a host of benefits beyond mere compliance:
By partnering with TÜV SÜD in Singapore, businesses gain a trusted partner to deliver comprehensive GHG verification services. This contributes to your environmental and financial sustainability objectives.
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