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Carbon tax likely to be passed on to end consumers

A CARBON tax would likely be passed on to end consumers in the form of higher electricity prices, power generation companies have warned. This is especially because the power generation sector in Singapore has little room to further improve its energy efficiency, given that most electricity is already produced using efficient combined-cycle gas turbine technology and natural gas. "The generating...


Big emitters face carbon tax from 2019

SINGAPORE will impose a carbon tax of between S$10 and S$20 on each tonne of greenhouse gas emitted by power generation plants and other large emitters from 2019. Announcing this on Monday, Finance Minister Heng Swee Keat said that the final carbon tax and exact implementation schedule will be decided after industry and public consultations, as well as further studies. "(A carbon tax) will help us...


Singapore to raise water price by 30% over two years

WATER prices in Singapore will be raised by 30 per cent over two years. And to encourage water conservation among non-domestic consumers, the Water Conservation Tax will now also be imposed on NEWater. The price hike will be made in two steps, on July 1 this year and next year. The increase will amount to less than S$25 a month for three quarters of businesses in Singapore, said Finance Minister H...


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