Written Answer
Intended Carbon Tax Rate beyond 2027
Ministry of Sustainability and the EnvironmentSpeakers
Transcript
35 Ms Lee Hui Ying asked the Minister for Sustainability and the Environment (a) whether an update can be provided on the intended carbon tax rate beyond 2027; and (b) whether Singapore is on track to meet the target of $50 to $80 per tonne of carbon dioxide equivalent (tCO2e) by 2030.
Ms Grace Fu Hai Yien: In 2022, we announced that the Government planned to progressively increase the carbon tax to $45 per tonne in 2026 and 2027, with a view to reaching $50 to $80 per tonne by 2030.
The Government reviews the trajectory of our carbon tax rate from time to time, taking into account prevailing circumstances and will provide updates in due course.