• Gustavo Bernal Torres

Singapore's Carbon Tax Could Increase To $80 Per Tonne Of Emissions By 2030

The carbon tax hike will be done in phases to give businesses more certainty.

  • The carbon tax rate in Singapore will be increased from the current $5 per tonne of emissions to between $50 and $80 by 2030, a move that will help the nation reach new, more ambitious climate goals.

  • Singapore's carbon tax applies to all facilities producing 25,000 tonnes or more of greenhouse gas emissions in a year. This covers 30 to 40 large emitters such as oil refineries and power generation plants, which contribute 80 per cent of Singapore's greenhouse gas emissions.

Sources: https://www.straitstimes.com/singapore/budget-2022-singapores-carbon-tax-could-increase-to-80-per-tonne-of-emissions-by-2030-in-accelerated-net-zero-emissions-bid


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