12 Aug '18, 10pm

#Singapore to use study on #carbon pricing to shape future tax | #sustainability

#Singapore to use study on #carbon pricing to shape future tax | #sustainability

An upcoming comprehensive study of carbon pricing will be used to shape how the carbon tax is implemented here in future, by delving into the impact of carbon pricing in other countries and its possible impact here, The Straits Times has learnt. Set to be completed by August next year, the study will seek to quantify the costs that greenhouse gas-producing firms bear in different jurisdictions, as well as the effectiveness of various measures in reducing carbon emissions. Consultants will look at direct costs from carbon taxes or emissions trading schemes and indirect costs from compliance, a spokesman for the National Climate Change Secretariat (NCCS) told The Straits Times. To that end, the NCCS, which is part of the Strategy Group in the Prime Minister's Office, commissioned the study through a tender which closed last Wednesday. Singapore will start pricing carbon at $...

Full article: https://www.straitstimes.com/singapore/spore-to-use-study...

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