The Business Times
business-time-50
ESG Insights

Issue 69: Dealing with Singapore’s coming carbon tax windfall; nudging private capital towards climate adaptation

Kenneth Lim

Kenneth Lim

Published Fri, Oct 6, 2023 · 05:00 PM
    • Singapore could conservatively collect between S$12.9 billion and S$14.2 billion of carbon tax revenue between 2021 and 2031.
    • Singapore could conservatively collect between S$12.9 billion and S$14.2 billion of carbon tax revenue between 2021 and 2031. ILLUSTRATION: KENNETH LIM

    In this issue: A national climate trust fund could enable the optimal use of carbon tax revenue, while experts urge stronger participation from businesses and investors in addressing climate loss and damage.

    Singapore

    Whatchu gonna do with all that funds?

    Singapore has published the eligibility criteria for carbon credits that companies may use from 2024 onwards to offset up to 5 per cent of their taxable emissions.

    ESG InsightsCarbon taxSingapore Budget 2023Climate policyESG

    TRENDING NOW

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    Should it trail its peers in performance, UOB may find it harder to attract and retain talent, and invest adequately in AI, technology and risk-management capabilities.

    Looking beyond looming CEO succession, should UOB potentially pursue a transformative merger?

    The divergence between stablecoin legislation in the US and Europe is striking, reflecting broader debates about monetary sovereignty and financial stability.

    Could stablecoins be the future of money?

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More