A renewed social compact under Budget 2022; pros and cons of carbon tax

Higher carbon taxes will aid the drive towards a greener economy, but care must be taken to pace the increases in view of the trade-offs and Singapore's constraints, say NTU Albert Winsemius Chair Professor of Economics Euston Quah, and SUSS School of Business lecturer Tan Tsiat Siong. In their commentary, they observe that the staggered increments of $25 a tonne in 2024, $45 in 2026, and finally upwards of $50 in 2030 have been clearly laid out, giving businesses much-needed time to adjust.

Read the article (for subscribers).

If you are an NTU/NIE staff or student, you can access paid content (e.g., SPH publications) through . Under Quick Links, go to My Account » Find Databases

Photo: Eugenia Clara / Unsplash