The carbon tax rate in Singapore will be increased from the current $5 per tonne of emissions to between $50 and $80 by 2030, a move that will help the nation reach new, more ambitious climate goals.

Finance Minister Lawrence Wong said in his Budget speech that the aim is for emissions to dwindle to net zero by or around 2050, 

On Sustainable Singapore, hosts Shehzad Haque and Melissa Hyak spoke to Som Shantanu, Regional Engineering Director of GE Gas Power on what the carbon tax price increase means for the energy market in Singapore.

The carbon tax rate in Singapore will be increased from the current $5 per tonne of emissions to between $50 and $80 by 2030, a move that will help the nation reach new, more ambitious climate goals.
Finance Minister Lawrence Wong said in his Budget speech that the aim is for emissions to dwindle to net zero by or around 2050,&nbsp;
On Sustainable Singapore, hosts Shehzad Haque and Melissa Hyak spoke to Som Shantanu, Regional Engineering Director of GE Gas Power on what the carbon tax price increase means for the energy market in Singapore.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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