Singapore should get ready with a carbon border tax
Associate Professor Eduardo Araral, Co-Director, Institute of Water Policy, Lee Kuan Yew School of Public Policy at NUS, and Visiting Professor Vinod Thomas opine that it is in Singapore's interest to be a powerful voice for decarbonising the global economy.
They noted that carbon emissions have reached 420 parts per million (ppm), on track to surpassing the catastrophic threshold of 450 ppm in 15 years. This could mean that we would be living in an ice-free planet which poses an existential threat to Singapore. A carbon border tax can promote climate-friendly trade and nudge other economies towards low carbon behaviours.
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