With advances in inexperienced technology and fresh opportunities for international collaboration, Singapore is space to now no longer simplest meet its 2030 prime emissions purpose, however also sing forward its web-zero timeline to spherical the mid-century. To help meet this target, the carbon tax will most certainly be raised to $50 to $80 per tonne by 2030. A transition framework will most certainly be applied to help companies adjust to these will enhance, while the impact on households will most certainly be cushioned via measures like additional U-Save rebates.
Minister for Finance Lawrence Wong delivered the Budget 2022 speech in Parliament on 18 February 2022.
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