Singapore’s new carbon tax aims to reduce emissions from the country’s heaviest polluters, which include its predominantly gas-fired power generation fleet. However, gas demand is unlikely to be significantly affected because generators will be able to pass on the additional cost to end-users, analysts have told Interfax Natural Gas Daily.
Singapore’s Finance Minister Heng Swee Keat said during his budget announcement last week that a carbon tax would be levied at S$5 (US$3.78) per ton of carbon dioxide equivalent (tCO2e).
The tax will be levied on...
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