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.
How will this help Singapore achieve its climate targets? And what does this mean for household energy bills?
In Sustainable Singapore, Prime Time's Timothy Go and Melissa Hyak spoke to James Chong, Head of Commercial, Senoko Energy to find out what to make of the carbon tax increase here.