Singapore eyes carbon tax ramp up to $80 by 2030

The government is raising the crabon tax to $25 per tonne this year.

Singapore is raising the carbon tax to $25 per tonne this year as part of its efforts to combat climate change, with plans of further increase to $50 to $80 by 2030, Senior Minister of State for Sustainability and the Environment Dr. Amy Khor announced on 13 March.

“As a small and alternative energy disadvantaged nation, we have to harness innovation and collaboration to transform our energy supply,” Khor said at the launch of the Centre for Sustainable Medicine.

Additionally, Singapore is forging partnerships with neighboring countries to establish cross-border green energy trade agreements, ensuring a sustainable energy supply for the region.

ALSO READ: Older office buildings adopt open protocol systems for energy management

The maritime and aviation sectors are also targeted for decarbonization. Singapore is piloting projects for alternative fuels like biofuels, methanol, and ammonia, and promoting Green and Digital Shipping Corridors.

The city-state also hosts the largest sustainable aviation fuel production facility.

Follow the link for more news on

carbon tax

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit