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Singapore Says S$5 Carbon Tax ‘A Start’ as It Eyes Higher Levy

July 16, 2021, 7:46 AM

Singapore is reviewing the planned increase in its carbon tax for businesses with a view to possibly raising the levy higher than earlier indicated, according to Minister for Sustainability and the Environment Grace Fu.

“We think there’s room to move,” said Fu on Friday in an interview with Bloomberg Television’s Haslinda Amin and Rishaad Salamat. “We have some trajectory in mind and we think it’s time to review that.” The tax would likely be a “higher amount,” she added after the interview.

Singapore was the first Southeast Asian nation to introduce a carbon tax in 2019, which is ...

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