The Business Times
business-time-50
ESG Insights

Issue 69: Dealing with Singapore’s coming carbon tax windfall; nudging private capital towards climate adaptation

google-preferred-sourceAdd BT as a preferred source
Kenneth Lim

Kenneth Lim

Published Fri, Oct 6, 2023 · 05:00 PM
    • Singapore could conservatively collect between S$12.9 billion and S$14.2 billion of carbon tax revenue between 2021 and 2031.
    • Singapore could conservatively collect between S$12.9 billion and S$14.2 billion of carbon tax revenue between 2021 and 2031. ILLUSTRATION: KENNETH LIM

    In this issue: A national climate trust fund could enable the optimal use of carbon tax revenue, while experts urge stronger participation from businesses and investors in addressing climate loss and damage.

    Singapore

    Whatchu gonna do with all that funds?

    Singapore has published the eligibility criteria for carbon credits that companies may use from 2024 onwards to offset up to 5 per cent of their taxable emissions.

    ESG InsightsCarbon taxSingapore Budget 2023Climate policyESG

    TRENDING NOW

    Out of the 18,000 fresh graduates, 9,100 have found employment and 5,400 are outside the labour force, mainly for voluntary reasons.

    1 in 5 fresh graduates from autonomous universities still seeking employment: MOM

    For H1 2026, Seatrium’s net profit jumped 158.3% year on year to S$372.9 million.

    Can Seatrium build on its robust H1 earnings? UOBKH and DBS analysts have divided views

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    UOB group chief financial officer Leong Yung Chee (left) and AllianzGI CEO Tobias Pross at the signing of the strategic distribution partnership.

    UOB to sell asset management arm to Allianz Global Investors for S$555 million, sharpen wealth advisory focus

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More