Singapore Prime Minister Lawrence Wong presents the 2026 national budget and policy priorities on Feb. 12. (Photo: Lawrence Wong's Facebook)
Singapore is leaving room to moderate the pace of future carbon tax increases, with Prime Minister Lawrence Wong saying on Wednesday that the 2030 rate could land at the lower end of the previously announced range as global climate action loses momentum.
At the same time, the government will extend green financing schemes and subsidies to continue incentivising companies to improve energy efficiency and adopt renewable energy.
