What Will The Singapore Carbon Tax Cost You? 04 April 2022
Singapore's carbon tax will be gradually increased from the current SG$5/tonne of carbon emissions up to SG$50-80 in 2030.
The first payments under the newly proposed tax levels will be due in 2025, based on 2024 emissions. Large facilities will be most impacted, but end-energy consumers will also feel the increase.
There are meaningful ways to reduce exposure – both for OPEX (facilities) and end-energy consumers. Facilities should look into driving energy efficiency and carbon efficiency into operations via building controls, fabric improvements, and efficient building services and installations through CAPEX.
Meanwhile, a reduction in end-energy user exposure can be countered by providing subsidies and monetary incentives.
Read the full article at https://www.cushmanwakefield.com/en/singapore/insights/singapore-carbon-tax-2022
