Singapore's carbon tax serves as 'key pillar' of climate strategy: PM

Singapore Prime Minister Lawrence Wong, who is also the country’s minister of finance, said in his budget speech Feb. 12 that the carbon tax is a “key pillar” of the country’s strategy as it pursues other measures to chart a sustainable future. The carbon tax sends a clear price signal to encourage emissions reduction, Wong said. Singapore implemented a carbon tax, the first carbon pricing schemeSingapore Prime Minister Lawrence Wong, who is also the country’s minister of finance, said in his budget speech Feb. 12 that the carbon tax is a “key pillar” of the country’s strategy as it pursues other measures to chart a sustainable future. The carbon tax sends a clear price signal to encourage emissions reduction, Wong said. Singapore implemented a carbon tax, the first carbon pricing schemeRead More