"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”

24 February 2022 11:21:40 AM

Economic Society of Singapore

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)

ESS Panel Discussion  on Post Singapore Budget 2025

ESS Panel Discussion  on Post Singapore Budget 2025

The Prime Minister & Finance Minister, Mr Lawrence Wong will unveil the Singapore’s 2025 Budget Statement on 18 February 2025. The Budget Statement delineates its goals and fund distribution for the upcoming year. Within this framework, significant attention is directed towards addressing key concerns, including the promotion of sustained growth and employment in Singapore, reforming the nation's tax incentives and grants framework, cultivating a competitive and sustainable economy that generates quality employment opportunities for all, establishing a robust social compact, and fortifying the nation's security and resilience

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