Carbon tax

HOCK LOCK SIEW

Never mind the ozone layer, mind your dividends

​If a company emits a lot of smoke to make its products, its costs are about to shoot up

Singapore has hiked its carbon tax rate to five times the previous levy, but tax revenues have only tripled.
ESG INSIGHTS

Issue 189: Carbon tax in an energy crisis; Singapore good timing on green bonds

This week in ESG: Singapore’s carbon tax may have room for relief; Reopened 30-year Singapore green bonds yield 2.57 per cent

A carbon tax incentivises large emitters to switch to cleaner energy, improve efficiency or adopt low-carbon technologies by making fossil fuel use costlier.

Singapore’s 2025 carbon tax revenue holds steady; experts say continued use of tax ‘discounts’ likely

Quantum of transitory allowances and the specific firms they are given to have not been officially revealed

The problematic Just Energy Transition Partnership’s financing packages are far short of what is needed, researchers say.
ESG INSIGHTS

Issue 182: Private equity targets coal; Singapore’s carbon tax realism

This week in ESG: Eastspring, Reviva launch coal phase-out strategy; Singapore Budget 2026 signals caution on carbon tax

Sustainability professionals agree that Singapore will still remain committed to its decarbonisation goals, even if a lower carbon tax comes to pass by 2030.
SINGAPORE BUDGET 2026

A lower carbon tax may slow Singapore’s decarbonisation

However, sustainability experts say there are other measures to continue the push towards the low-carbon transition

Singapore already has the highest carbon tax rate in the whole of Asia.
SINGAPORE BUDGET 2026

Carbon tax could be at ‘lower end’ of S$50 to S$80 range if climate momentum weakens

Singapore will have to do its part to reduce emissions as a global citizen, yet not put itself at a competitive disadvantage, notes Lawrence Wong

A carbon credit transfer agreement was signed between Singapore, represented by Singapore’s Minister-in-charge of Energy and Science and Technology Tan See Leng (right), and Thailand's minister of natural resources and the environment Chalermchai Sri-on last August.

Singapore carbon tax hike spurs demand for credits, but companies face supply crunch

Government is again looking into allowing roll-over of unused credits, and trying to ink carbon credit transfer deals with more countries

Both Singtel and ST Telemedia Global Data Centres have been reducing greenhouse gas emissions since 2022.
ESG INSIGHTS

Issue 181: Singtel acquires greener data centres; carbon tax in focus for Singapore Budget 2026

This week in ESG: ST Telemedia Global Data Centres may improve Singtel’s emissions profile; businesses call for relief from carbon tariff

From a whopping US$160 to just under US$0.10, the price of a tonne of carbon is set to remain at extremes globally.

Carbon tax: Where Singapore stands in a world divided on price

From a whopping US$160 to just above US$0.70, the price of a tonne of carbon is set to remain at extremes globally

Exporters of high-carbon industrial products such as steel, iron, aluminium (above), cement and fertilisers will be most affected.

Can the EU withstand the pushback against its carbon levy?

Brussels must defend its climate goals and prove its policy is the future of trade