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Singapore Reaffirms Commitment To Carbon Tax

by Mary Swire, Tax-News.com, Hong Kong

08 June 2017

Singapore has reiterated that it intends to implement a carbon tax from 2019.

The announcement from the National Climate Change Secretariat (NCCS) came in response to the United States' recent decision to withdraw from the Paris climate accord.

A statement from the NCCS maintained its support for the Paris agreement and said that the introduction of a carbon tax from 2019 was a key component to meet its commitments.

Singapore's Government announced its intention to introduce the carbon tax at the 2017 Budget in February. It intends to levy charges based on emissions of greenhouse gases from power stations and other direct emitters.

TAGS: tax | Singapore | carbon tax | United States

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