Singapore passes bill to increase carbon tax, setting trajectory for S$50-80/t by 2030

Published 05:26 on November 9, 2022  /  Last updated at 05:26 on November 9, 2022  /  Asia Pacific, Carbon Taxes, International, Other APAC, Paris Article 6, Voluntary  /  No Comments

Singapore has passed the Carbon Pricing (Amendment) Bill, formally establishing an increase in its carbon tax in two stages to S$45 ($32) per tonne from 2026 and putting the country on a pathway for the tax to reach as high as between S$50-80/t by 2030.

Singapore has passed the Carbon Pricing (Amendment) Bill, formally establishing an increase in its carbon tax in two stages to S$45 ($32) per tonne from 2026 and putting the country on a pathway for the tax to reach as high as between S$50-80/t by 2030.

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