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

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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

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