"But two immediate questions arise: What are the trade-offs involved in reducing emissions? How would our daily lives be impacted?"
24 February 2022 :Prof Euston Quah on ” Calibrating the costs and benefits of Singapore’s carbon tax”
“The trade-off? Rising business costs and a squeeze on profits. As an export-oriented economy – exports constitute more than 170 per cent of our gross domestic product – Singapore runs the risk of its international competitiveness being hurt by the imposition of a substantial carbon tax as our trading partners turn to competitors who, without a carbon tax, can under-price us”.
“In his Budget speech, Finance Minister Lawrence Wong said that an increase in carbon tax to $25 a tonne is estimated to lead to a rise in utility bills for an average household by $4. What about the impact on our overall cost of living?”
To read more, click here. (Source: SUSS & Straits Times)
18th Singapore Economic Policy Forum
Artificial intelligence (AI) is increasingly shaping how societies address complex challenges. This forum brings together policymakers, economists, and industry leaders to discuss how AI is redefining key markets in Singapore, how AI can be utilised to promote social inclusion and how Singapore can sustain economic growth amid an AI-driven world. Through three focused sessions, the forum will examine how governments and the private sector can deploy AI responsibly to create a resilient and inclusive society, and support equitable and sustainable growth.
Read More
SPILL THE TEH: PENANG INSTITUTE
Through no-holds barred conversations, Spill The Teh gets into the minds of individuals who break stereotypes of society. Join us in igniting curiosity, changing perspectives, and seeing life’s flip side.
Read More