Question

Mr Dennis Tan Lip Fong: To ask the Deputy Prime Minister and Minister for Trade and Industry (a) whether the criteria for companies to be eligible for the transitional allowances that provides support for Emissions-Intensive-Trade-Exposed (EITE) companies can be shared; (b) what is the timeline of the transition framework for EITE companies; and (c) whether there is a targeted end date for the provision of such transitional allowances.

Oral Answer (to be attributed to Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong)

1. We provide transitory allowances for companies in Emissions-Intensive and Trade-Exposed sectors. These companies compete globally and face competition from counterparts in jurisdictions with lower or no carbon prices.

2. We will review the provision of transitory allowances and adjust them based on how companies have delivered on their decarbonisation plans, taking into consideration international developments and advancements in decarbonisation technologies.