Singapore's carbon tax needs 'stronger price signal' amid decarbonisation push: Grace Fu
Singapore
SINGAPORE'S carbon tax needs a "stronger price signal" for it to steer the economy towards a low-carbon future, said Sustainability and the Environment Minister Grace Fu on Wednesday (Jan 12).
"This will tilt the scales further in favour of more innovative, low-carbon technologies, driving companies to take bolder steps towards decarbonisation," she told Parliament in response to a private member's motion titled "Towards a Low-Carbon Society".
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
BOE postpones Long-Term Repo Operation due to tech issues
Macron seeks to charm China’s Xi into trade concessions in Pyrenees jaunt
Taiwan inflation drops below key threshold, easing rate concerns
Iran using Malaysian providers to bust oil sanctions: US official
China’s central bank adds more gold to its reserves in April
Wall Street bonuses to rise this year as deals return, says report