Public Consultation Activities for Singapore's Post-2023 Carbon Tax Level and Trajectory

Parliamentary Question by Prof Koh Lian Pin:

To ask the Minister for Finance what are the ongoing and planned public consultation activities for seeking the views of businesses and the people on Singapore’s post-2023 carbon tax level and trajectory.

Parliamentary Reply by Minister for Finance, Mr Lawrence Wong:

Our agencies have been consulting the public on the carbon tax review over the past 6 months, as part of engagements under the Singapore Green Plan 2030. The conversations have touched on the need for a higher carbon tax and the trade-offs involved in our green transition. In the lead-up to Budget 2022, the public can also provide their feedback through platforms such as REACH and the People’s Association (PA).

The Government is engaging businesses on the potential impact of a higher carbon tax, and how we can support them in the shift towards lower-carbon operations and pursuit of green growth opportunities. We are also speaking to other stakeholders such as environment groups on the green transition.

Feedback received from these consultations will be taken into consideration in the carbon tax review. The Government will announce the revised post-2023 carbon tax level at Budget 2022.