21 February 2018 Current Affairs: Singapore will impose a 'carbon tax' from 2019 to cut its greenhouse gas emissions and make companies more competitive as global agreements on climate change take effect.
Finance minister Heng Swee Keat stated that the tax would be levied on all facilities producing 25,000 tonnes or more of greenhouse gas emissions a year.
The tax, to be applied to all sectors, will be Sg$5.0 ($3.8) per tonne of greenhouse gas emissions from 2019 to 2023.
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