The surprise of Singapore's new carbon price

In comparison with the rest of Asia Pacific

How carbon prices help to reduce emissions

Impact of carbon tax on consumers

Link between carbon tax and the carbon market

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 tonne by 2030.

How will this help Singapore achieve its climate targets? ST environment correspondent Audrey Tan and climate change editor David Fogarty discuss this carbon tax hike with OCBC Bank economist Howie Lee.

Highlights (click/tap above):

01:22 Why observers were surprised by Singapore's new carbon price

02:39 How does Singapore's carbon price compare with the rest of Asia Pacific

03:12 How a carbon price helps to reduce emissions

06:50 What will the impact of a carbon tax on consumers be?

08:34 The link between the carbon tax, and the global carbon market

Read Budget 2022: Singapore's carbon tax could increase to $80 per tonne of emissions by 2030: https://str.sg/wsLK

Produced by: Audrey Tan (audreyt@sph.com.sg), David Fogarty (dfogarty@sph.com.sg), Ernest Luis, Fa'izah Sani & Teo Tong Kai

Edited by: Teo Tong Kai

Follow Green Pulse Podcast episodes out here every first and third Monday of the month:

Channel: https://str.sg/JWaf

Apple Podcasts: https://str.sg/JWaY

Spotify: https://str.sg/JWag

Google Podcasts: https://str.sg/J6EV 

SPH Awedio app: https://www.awedio.sg/

Website: http://str.sg/stpodcasts

Feedback to: podcast@sph.com.sg

Follow Audrey Tan on Twitter: https://str.sg/JLMB

Read her stories: https://str.sg/JLM2

Follow David Fogarty on Twitter: https://str.sg/JLM6

Read his stories: https://str.sg/JLMu

---

Discover more ST podcast series:

Asian Insider Podcasts: https://str.sg/JWa7

Health Check Podcast: https://str.sg/JWaN

ST Sports Talk Podcast: https://str.sg/JWRE

#PopVultures Podcast: https://str.sg/JWad

Bookmark This! Podcast: https://str.sg/JWas

Lunch With Sumiko Podcast: https://str.sg/J6hQ

Discover BT Podcasts: http://bt.sg/podcasts

Follow our shows then, if you like short, practical podcasts!

Synopsis: The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.
Singapore&rsquo;s new carbon tax rate for 2024 and beyond was announced by Finance Minister Lawrence Wong during the Budget on Feb 18.&nbsp;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 tonne by 2030.
How will this help Singapore achieve its climate targets? ST environment correspondent Audrey Tan and climate change editor David Fogarty discuss this carbon tax hike with OCBC Bank economist Howie Lee.
Highlights (click/tap above):
01:22 Why observers were surprised by Singapore's new carbon price
02:39 How does Singapore's carbon price compare with the rest of Asia Pacific
03:12 How a carbon price helps to reduce emissions
06:50 What will the impact of a carbon tax on consumers be?
08:34 The link between the carbon tax, and the global carbon market
Read Budget 2022: Singapore's carbon tax could increase to $80 per tonne of emissions by 2030: <a href="https://str.sg/wsLK">https://str.sg/wsLK</a>
Produced by: Audrey Tan (<a href="mailto:audreyt@sph.com.sg">audreyt@sph.com.sg</a>), David Fogarty (<a href="mailto:dfogarty@sph.com.sg">dfogarty@sph.com.sg</a>), Ernest Luis, Fa'izah Sani &amp; Teo Tong Kai
Edited by: Teo Tong Kai
Follow Green Pulse Podcast episodes out here every first and third Monday of the month:
Channel:<a href="https://str.sg/JWaf"> https://str.sg/JWaf</a>
Apple Podcasts:<a href="https://str.sg/JWaY"> https://str.sg/JWaY</a>
Spotify:<a href="https://str.sg/JWag"> https://str.sg/JWag</a>
Google Podcasts:<a href="https://str.sg/J6EV"> https://str.sg/J6EV</a>&nbsp;
SPH Awedio app: <a href="https://www.awedio.sg/">https://www.awedio.sg/</a>
Website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>
Feedback to: podcast@sph.com.sg
Follow Audrey Tan on Twitter:<a href="https://str.sg/JLMB"> https://str.sg/JLMB</a>
Read her stories:<a href="https://str.sg/JLM2"> https://str.sg/JLM2</a>
Follow David Fogarty on Twitter:<a href="https://str.sg/JLM6"> https://str.sg/JLM6</a>
Read his stories:<a href="https://str.sg/JLMu"> https://str.sg/JLMu</a>
---
Discover more ST podcast series:
Asian Insider Podcasts:<a href="https://str.sg/JWa7"> https://str.sg/JWa7</a>
Health Check Podcast:<a href="https://str.sg/JWaN"> https://str.sg/JWaN</a>
ST Sports Talk Podcast:<a href="https://str.sg/JWRE"> https://str.sg/JWRE</a>
#PopVultures Podcast:<a href="https://str.sg/JWad"> https://str.sg/JWad</a>
Bookmark This! Podcast:<a href="https://str.sg/JWas"> https://str.sg/JWas</a>
Lunch With Sumiko Podcast:<a href="https://str.sg/J6hQ"> https://str.sg/J6hQ</a>
Discover BT Podcasts:<a href="http://bt.sg/podcasts"> http://bt.sg/podcasts</a>
Follow our shows then, if you like short, practical podcasts!

Synopsis: Every first and third Sunday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.

Podcaster: David Fogarty

Produced by podcast editor Ernest Luis & The Straits Times, SPH Media Trust.

Synopsis: Every first and third Sunday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.
Podcaster: David Fogarty
Produced by podcast editor Ernest Luis &amp; The Straits Times, SPH Media Trust.

Green Pulse

Synopsis: Every first and third Sunday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.

Podcaster: David Fogarty

Produced by podcast editor Ernest Luis & The Straits Times, SPH Media Trust

Synopsis: Every first and third Sunday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.
Podcaster: David Fogarty
Produced by podcast editor Ernest Luis &amp; The Straits Times, SPH Media Trust

Advertisement