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ESG Insights

Issue 82: Carbon tax starts to hurt; growing green interest in India

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Wong Pei Ting

Published Fri, Jan 5, 2024 · 04:50 PM
    • Consumers are feeling the effects of Singapore's carbon tax hike, writes ESG correspondent Wong Pei Ting.
    • Consumers are feeling the effects of Singapore's carbon tax hike, writes ESG correspondent Wong Pei Ting. GRAPHIC: BT / IMGFLIP

    In this issue: Consumers are feeling the sting of Singapore’s carbon tax hike, while the nation’s sovereign wealth fund chases green investments in India.

    Singapore

    Carbon tax starts to hurt with little respite in sight

    At the strike of midnight on Jan 1, 2024, Singapore’s carbon tax jumped from S$5 to S$25 per tonne of greenhouse gas emissions.

    ESG Insights

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    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

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