SINGAPORE: Singapore will increase its carbon tax five-fold to S$25 (US$18.60 or RM77.86) a tonne in 2024, Finance Minister Lawrence Wong says, in an attempt to meet its zero-emission target by around 2050.
The city state, a major Asian oil refining and petrochemical export centre, plans to increase the carbon tax further to S$45 (RM140) in 2026 and 2027, and S$50 to S$80 (RM156 to RM249) by 2030, Wong said on Friday in a budget speech.
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