Singapore's energy players to feel heat of carbon tax only marginally

Singapore

SINGAPORE's move to tax carbon-intensive industries could hurt energy players here, albeit marginally, and analysts expect the resultant burden of higher costs to be passed on to consumers.

All the main producing plants in the power-generation sector are expected to be hit by the new carbon tax, which will be S$5 a tonne from this year till 2023, going up to S$10-S$15 a tonne by 2030.