Policy
For Singapore's largest listed companies, FY2026 is the first Scope 3 year
Under the ACRA and SGX RegCo roadmap revised in August 2025, STI constituents report Scope 3 from FY2026, while other companies can wait.
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Research on financing emissions reductions across the value chain.
Carbon3 publishes sector outlooks, articles and field notes on insetting, Scope 3 and the capital that funds them.
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Claims & reporting
Four common assumptions about carbon credits, checked against the rulebooks
SBTi V2.0, the GHG Protocol, Singapore's carbon tax and FuelEU Maritime each keep credits apart from targets, inventories or compliance in their own way.
Read the articleSector: Maritime
FuelEU counts e-fuels twice until 2033, and a 2% e-fuel subtarget can follow in 2034
Article 5 of FuelEU Maritime doubles the weight of RFNBO energy from 2025 to 2033.
Read the articleMarket structure
A cargo owner can back cleaner shipping fuel without the fuel reaching its cargo
Book and claim separates the physical flow of a lower-emission fuel from the record of its reduction.
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Two Scope 3 rulebooks now have fixed dates, and supplier programs take time to set up
Revised ESRS apply from financial year 2027 and SBTi's Net-Zero Standard V2.0 from February 2028.
Read the articleClaims & reporting
From February 2028, new SBTi Scope 3 targets must cover each category above 5%
SBTi's Corporate Net-Zero Standard V2.0 replaces a single Scope 3 coverage threshold with targets for each category above 5% of emissions, for new submissions from 1 February 2028.
Read the articleSector: Maritime
Singapore sold 1.95 million tonnes of alternative marine fuels in 2025
MPA data show a 45% rise on 2024, led by bio-blended fuels and LNG.
Read the articleSector: Maritime
A FuelEU deficit does not stay the same price
FuelEU Maritime's €2,400 per tonne penalty rises by a tenth for each consecutive year in deficit, reaching €3,600 by the sixth.
Read the articleSector: Agriculture
When a food company co-funds change on its own supplier farms
An illustrative example: 10,000 inset credits from regenerative practices, 7,000 retired against Scope 3 claims, 3,000 sold to regional buyers, and every tonne counted once.
Read the articleOutlook
Electrification changes what each dollar of energy delivers
In the IEA's global averages, US$100 of electricity drives a car about three times farther than petrol and heats a home for 42 days rather than 30.
Read the articleSector: Maritime
One container voyage shows up in three inventories
Carrier Scope 1, buyer category 4, seller category 4 or 9.
Read the articlePolicy
Singapore's carbon tax rose from S$5 to S$45 per tonne in three years
A large emitter's direct emissions can sit in its customers' Scope 3, which gives buyers and suppliers a shared reason to co-fund verified emissions reductions.
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The Carbon3 Newsletter
Weekly analysis of industrial decarbonization and insetting across Scope 1 to 3, from the Carbon3 team.