37% companies experienced minimal impact from the carbon tax hike, which rose from S$5 to S$25 per ton of carbon dioxide equivalent this year
SINGAPORE: A significant portion of Singapore’s companies have weathered the recent carbon tax increase with little to no impact on their operations, according to a survey by the, the poll, which included 250 industry professionals primarily from the energy sector in Southeast Asia, found that 37 per cent of companies experienced minimal impact from the carbon taxThe survey also indicated that 24.
A mere 6 per cent deemed it very effective, highlighting the need for refinement and impact assessment to enhance its effectiveness. Government policies and economic incentives were identified as key drivers for decarbonization, with over 58 per cent highlighting the importance of corporateThe survey also noted a growing demand for clean energy from large tech corporations, likely due to increased investments in artificial intelligence and data centres., barriers in cross-border interconnection agreements , and regulatory uncertainties in tightened energy markets .
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