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Singapore's energy players to feel heat of carbon tax only marginally

Singapore's energy players to feel heat of carbon tax only marginally

All the main producing plants in the power-generation sector are expected to be hit by the new carbon tax, which will be S$5 a tonne from this year till 2023, going up to S$10-S$15 a tonne by 2030.

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Carbon Pricing Act 2018 imposing carbon tax in force from 1 January 2019

The Act makes consequential and related amendments to the Energy Conservation Act and imposes a carbon tax on certain greenhouse gas emissions of business facilities, measured from 2019 onwards. 

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