Singapore approves Verra IFM methodology for carbon tax offset scheme

Singapore has approved Verra's VM0010 Improved Forest Management (IFM) methodology for use within its International Carbon Credit (ICC) Framework. This addition brings the total to three Verra VCS forest carbon methodologies eligible under the framework, alongside VM0048 REDD+ and VM0047 ARR. Companies liable for Singapore's carbon tax can use eligible ICCs to offset up to 5% of their taxable emissions. The specific eligible methodologies vary by the implementation agreements Singapore has signed with 12 host countries.

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