Singapore firms eye opportunities in cookstoves, EVs in Ghana trip to source for carbon credits

The African nation is one of only two countries where carbon tax-liable companies in Singapore can currently source for carbon credits. - PHOTO: REUTERS

SINGAPORE (The Straits Times/ANN): Singapore’s search for carbon credits is hotting up, with companies here eyeing opportunities in Ghana on the back of the hike in carbon taxes that took effect in 2024.

The African nation is one of only two countries where carbon tax-liable companies in Singapore can currently source for carbon credits to reduce the amount of tax they have to pay. The other country is Papua New Guinea.