Singapore introduces a carbon tax as a means to encounter climate change. Image source: Shutterstock (#311078954) pictures Merlin fountain and marina bay.
When it comes to climate change related issues, Singapore especially fears the sea level rise. That is one of the reasons why the government plans to implement Southeast Asia’s first carbon tax in 2019. The tax would raise the energy costs by two to four percent. More than 30 big polluters such as power plants would have to pay the levy. The tax would charge around 7 USD for a ton of emissions of carbon dioxide and five other greenhouse gases. The tax revenue will be invested in industry measures to reduce emissions in general. The tax is charged on direct emissions of burned petroleum in refineries but not on gasoline, diesel or other fuels. The government also hopes to create more jobs in the clean energy sector, resulting from the implementation of the emission tax.
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