"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)
ADB-ESS Joint Seminar: "Asia and the Pacific’s Economic Outlook and Impact of the Middle East Conflict"
The conflict in the Middle East is testing the resilience of developing Asia and the Pacific. Uncertainty remains exceptionally high, with impacts already evident through higher energy and commodity prices, disrupted shipping routes, and tighter financial conditions. This event will present insights from ADB’s latest Asian Development Outlook (April 2026) and examine the transmission channels of the conflict and their implications for the region’s growth prospects. It will also discuss policy responses to address these ongoing challenges.
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MAS-ESS Essay Competition 2026: "Singapore’s AI-Driven Economic Future: How can artificial intelligence reshape our industries, workforce, and competitive advantage while ensuring inclusive growth and managing disruption?”.
The Monetary Authority of Singapore (MAS), in collaboration with the Economic Society of Singapore (ESS), invites eligible participants to take part in the MAS–ESS Essay Competition. The competition is open to students from Polytechnics, Centralised Institutes, International Schools, and Junior Colleges, full-time National Servicemen who have completed their pre-university education and are serving during the competition period and all Singaporean pre-university students studying abroad. Submissions on behalf of institutions or organisations are not permitted. Members of the judging committee and their immediate family members are not eligible to participate. The competition seeks to encourage informed discussion and original thinking on issues relevant to Singapore’s future economic development.
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