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Singapore to implement carbon tax in 2019

by Futures Centre, Feb 24
1 minute read

As announced in the country’s 2017 annual budget speech, Singapore is set to introduce a carbon tax of SGD$10-20 (USD 7-14) per tonne of carbon released, starting from 2019. Beyond carbon dioxide, the tax penalises five other greenhouse gas emissions: methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride. The tax is aimed at helping Singapore achieve its Paris Agreement targets to reduce emissions while boosting its clean energy sector.

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