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Funds 2022: S’pore to progressively raise carbon tax to reach obtain-zero procedure by around mid-century

Singapore will amplify its carbon tax in phases, from the latest S$5 a tonne to between S$50 and S$80 by 2030.That is about 5 instances elevated than the favorite procedure, because the country takes steps to transfer sooner on its local weather alternate ambitions. The serene earnings will hotfoot to supporting households and serving to corporations invest in low-carbon and more vitality efficient options.

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