"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)
Annual Dinner of the Economic Society of Singapore 70th Anniversary
In keeping with the Society’s commitment to fostering awareness and stimulating discussion on key economic issues in Singapore, the ESS Annual Dinner continues to serve as a platform for the exchange of ideas among policymakers, business leaders, academics, and members of the economics community. Your presence and support at this special occasion would further strengthen ESS’s role in promoting informed public dialogue.
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