Singapore leaders have restated their earlier intention to implement a carbon tax, which they are working towards bringing into full effect from the end of 2019.
The National Climate Change Secretariat (NCCS) made a publication in response to the US’ recent decision to withdraw from the Paris climate accord showing uninterrupted support for the important cause and said that the introduction of a carbon tax from 2019 was a profound starting measure in order to meet its financial and moral commitments.
The Singapore Government announced its initial intention to introduce the carbon tax at the 2017 Budget last February. It proposes to levy taxes based on emissions of greenhouse gases from power stations and other pollutants. This will not only help the city-state add to surplus funds, but also help reduce the carbon footprint.