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S1E72: Significance of Singapore’s new carbon price: Green Pulse
Synopsis: The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.
Singapore’s new carbon tax rate for 2024 and beyond was announced by Finance Minister Lawrence Wong during the Budget on Feb 18. The aim is for emissions to dwindle to net zero by or around 2050.
The carbon tax hike will be done in phases to give businesses more certainty, the Government said. The current rate of $5 per tonne of emissions will be in place until 2023. It will go up to $25 in 2024 and 2025, and $45 in 2026 and 2027, before reaching $50 to $80 per…
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