One expert has suggested that the lower-than-expected carbon tax revenue forecast is likely due to allowances given to trade-exposed emitters - ST FILE
SINGAPORE: The revenue collected from Singapore’s carbon tax for 2024 – the year the tax rate went up to five times from before – is projected to be about S$642 million, The Straits Times has learnt.
This is up from the roughly $200 million in yearly revenue collected when the tax rate was $5 per tonne of emissions from 2019 to 2023.
