Singapore Says S$5 Carbon Tax ‘A Start’ as It Eyes Higher Levy
- Fu says there is room to move on the S$5 a ton carbon levy
- City plans to invest in more capabilities to recycle plastics
Photographer: Roslan Rahman/AFP/Getty Images
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Singapore is reviewing the planned increase in its carbon tax for businesses with a view to possibly raising the levy higher than earlier indicated, according to Minister for Sustainability and the Environment Grace Fu.
“We think there’s room to move,” said Fu on Friday in an interview with Bloomberg Television’s Haslinda Amin and Rishaad Salamat. “We have some trajectory in mind and we think it’s time to review that.” The tax would likely be a “higher amount,” she added after the interview.