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
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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.
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