Singapore government to issue $35 bil in green bonds by 2030, raise carbon tax in stages

The Singapore government plans to issue up to $35 billion in green bonds by 2030 to fund public sector green infrastructure projects. This will come from both the government and statutory boards.

In addition, Singapore will raise its carbon tax rate in stages from now till 2030, growing up to 16 times the current rate of $5 per tonne of carbon dioxide equivalent (tCO2e).