Singapore to Introduce New Carbon Tax
Singapore’s government announced today that it will be implementing a new carbon tax in an effort to combat climate change. The tax will apply to companies that emit greenhouse gases and is part of the country’s commitment to reduce its carbon footprint.
Investment in Renewable Energy
In addition to the carbon tax, Singapore will also be increasing its investment in renewable energy sources such as solar and wind power. The government aims to reduce its reliance on fossil fuels and transition to a more sustainable energy system.
Green Building Initiatives
Furthermore, Singapore will be rolling out new green building initiatives to promote energy efficiency and sustainability in the construction sector. These initiatives will include incentives for developers to incorporate eco-friendly features into their buildings.
