[SGMarket]

'Daunting' and 'significant': analysts react to Singapore's carbon tax rate hike

Singapore is taking its green agenda “to a new level” with carbon tax hikes in the coming years, writes DBS Group Research senior economist Irvin Seah.

In a Feb 21 note on Budget 2022, Seah says Singapore’s current carbon tax rate of $5/tonne of carbon emission “pales in comparison to many other economies at similar stage of economic development”.

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