Higher carbon taxes may be needed for Singapore to meet its 2035 climate targets
To achieve an aggressive reduction in its emissions, a carbon tax rate above S$80 would likely be required
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE has laid out the next phase of its journey in cutting down its national greenhouse emissions.
It aims to reduce emissions to between 45 million and 50 million tonnes of carbon dioxide equivalent by 2035, as part of a new set of climate targets submitted to the United Nations on Feb 10.
According to the National Climate Change Secretariat (NCCS), the lower bound of 45 million tonnes keeps Singapore on a linear path to its eventual 2050 target of net-zero carbon emissions.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
