Singapore's Proposed Carbon Tax Will Likely Include Refineries

Reuters

SINGAPORE, Feb 21 (Reuters) - A carbon tax proposed by Singapore on emissions of greenhouse gases from 2019 will likely include the city-state's oil refineries, a government official said on Tuesday.

"The proposed threshold that we are looking at is 25,000 tonnes of carbon dioxide equivalent of greenhouse gas emissions annually (and) the refineries exceed this threshold," the official said in an email to Reuters.

Singapore said in budget proposals announced on Monday that a carbon tax on direct emitters such as power stations would be introduced from 2019, but didn't specify whether the tax covered refineries. The government is looking at a carbon tax rate of S$10-20 ($14.08) per tonne of greenhouse gas emissions.

(Reporting by Jessica Jaganathan; Editing by Kenneth Maxwell)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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