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  #16  
Old 03-03-2017, 06:55 PM
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Re: Expect carbon tax to pass on to consumers

Quote:
Originally Posted by Republicant View Post
Yalor, he itchy backside
You mean he is waiting for a big rod to be inserted into his backside?
  #17  
Old 31-10-2017, 07:21 PM
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Re: Expect carbon tax to pass on to consumers

Proposed bill to introduce carbon tax in Singapore open for public consultation


By Jalelah Abu Baker @JalelahCNA

31 Oct 2017 04:35PM (Updated: 31 Oct 2017 04:40PM)


SINGAPORE: The Government is conducting a second round of public consultation on the draft Carbon Pricing Bill, which sets out a framework for implementing the carbon tax, including the measurement, reporting and verification requirements.

The carbon tax will be applied “upstream” on large direct emitters, defined as those that emit 25,000 or more tonnes of greenhouse gases annually. This amount is equivalent to emissions produced by the annual electricity consumption of 12,500 four-room HDB households.


It is expected to affect between 30 and 40 emitters operating in Singapore, including power stations.

Under the proposed bill released for public consultation on Tuesday (Oct 31), the Government is looking at a tax rate of between S$10 and S$20 per tonne of greenhouse gas emissions from 2019.

These plans were first announced by Finance Minister Heng Swee Keat in his Budget speech this year, and are part of a suite of measures that will help Singapore meet its commitments under the Paris climate change agreement.


HOW WILL THE CARBON TAX WORK?


In its public consultation paper, which can be accessed on the REACH website, the Ministry of Environment and Water Resources (MEWR) said that the carbon tax will take the form of a “fixed-price credits-based mechanism”.


This means that the affected facilities will pay the tax by buying and surrendering carbon credits corresponding to their greenhouse gas emissions, rather than through direct payment.

The carbon credits will be issued by the National Environment Agency (NEA), and the price level for the credits will be determined closer to the date of implementation.

The carbon tax will be levied on a facility’s total emissions of the six greenhouse gases - carbon dioxide, methane, nitrous oxide hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride.

As for the monitoring and reporting of emissions, facilities have to submit a monitoring plan according to NEA’s guidelines by Dec 31 each year. Their annual report on total emissions, which must be independently verified by a qualified third party, should be submitted by Jun 30.

Taxes have to be paid by Sep 30 every year.

Under the draft bill, there will be associated penalties for non-compliance, such as fraudulent reporting in the verifiable emissions report, late payment of tax or tax evasion.

Taking reference from legislation in other economies, if an entity fails to pay the tax, it can be fined triple the amount of outstanding tax. Those who intentionally provide an inaccurate emissions report can also be jailed for up to three years.

Revenue from the carbon tax will help to fund measures by industries to reduce emissions, said the National Climate Change Secretariat Strategy Group (NCCS) which comes under the Prime Minister’s Office.

Read more at http://www.channelnewsasia.com/news/...en-for-9361040


Why they never consult with us about raising water prices ?
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  #18  
Old 31-10-2017, 10:44 PM
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Re: Expect carbon tax to pass on to consumers

Thanks for sharing
  #19  
Old 02-11-2017, 09:54 PM
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Re: Expect carbon tax to pass on to consumers

Consult? after discussion it will still be going ahead to implement the tax, another wayang show by the fucking whites
  #20  
Old 14-12-2017, 12:05 PM
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Re: Expect carbon tax to pass on to consumers

Commentary: Carbon tax an opportunity to take a leap forward on sustainability and transparency


Amidst talk of possible tax hikes, one already-declared measure stands the chance of changing behaviour in Singapore and beyond. Jaime Ho, Channel NewsAsia’s Chief Editor, Digital News talks about what to expect of the carbon tax in 2018.

By Jaime Ho Chief Editor, Digital News
14 Dec 2017 06:49AM (Updated: 14 Dec 2017 07:31AM)

SINGAPORE: In his Budget speech in February this year, Finance Minister Heng Swee Keat laid the groundwork for the implementation of a carbon tax in Singapore by 2019.

In preparation for it to come into force by then, much of the groundwork in the form of consultations has already been done.

The draft Carbon Pricing Bill, to be read in 2018, has been open for viewing since the end of October, with calls for input ending earlier this week. Further details such as the landing price point of the tax – currently expected to be between S$10-S$20 per tonne of greenhouse gas (GHG) emissions – should emerge in Minister Heng’s next Budget speech, if not by the time the Bill is read.

Coupled with the declaration that next year will be Singapore’s Year of Climate Action, 2018 already looks set to be an important year for the environment.

WHERE WILL THE IMPACT BE FELT?

Aimed at some 30 to 40 large emitters of greenhouse gases (GHGs), the impact of the carbon tax is not primarily meant to be felt by electricity users.

According to the National Climate Change Secretariat (NCCS), households will likely see an increase of S$1.70 to S$3.30 per month for electricity in a typical 4-room flat, on top of an average monthly bill of S$72.

Similarly, for businesses, increases in costs will likely be in the range of the equivalent of a US$3.50-US$7/bbl increase in crude oil prices. This is estimated to represent a 6.4 per cent to 12.7 per cent increase from current oil prices. Both these increases fall well within usual market fluctuations.

THE POWER OF SIGNALS

While impacts such as these will be minimal, the carbon tax still holds significant potential as a powerful signal on several important levels.

First, at the level of consumers – both large and small – the carbon tax will for the first time embed into the cost of electricity a price signal tied to the negative externalities (in this case GHG emissions) arising from the production of the resource.

While the costs arising directly from the carbon tax will not be significant for most users, the key is for larger users of electricity to take further stock of how efficiently they use energy.

Second, at the level of the government, the carbon tax is a signal of its commitment towards fully meeting its goals as inscribed under the United Nations Framework Convention on Climate Change (UNFCCC): To reduce emissions intensity by 36 per cent from 2005 levels by 2030, and more importantly, to stabilise and peak GHG emissions by around 2030.

Aside from these goals to mitigate emissions, what is also key is Singapore’s commitment to channeling revenue from the carbon tax towards further driving innovation in areas such as energy efficiency and green growth.

In this regard, apart from the government signaling to major emitters the need for them to invest in innovation and energy efficiency, the carbon tax must be seen as a key opportunity for Singapore to take a quantum leap ahead in its position as a global leader in offering solutions that can be developed here and exported worldwide.

Last month, together with the National University of Singapore (NUS) and Nanyang Technological University (NTU), oil giant ExxonMobil announced the setting up of a new Singapore Energy Centre in 2019 to explore technology in energy production and energy efficiency, with the goal of eventually breaking new ground in the area of sustainability. The Singapore-based centre will be ExxonMobil’s first such institution outside the United States.

With the policy and financial backing that will come from the government, there is every reason to be optimistic that academia, industry and government will continue to grow Singapore as a key global leader in clean energy, and develop the business opportunities that will follow.

Third, at the level of individual facilities, the carbon tax and its eventual implementation through the final Carbon Pricing Act 2018 and other measures present a unique opportunity to signal a new approach towards transparency and awareness, particularly when it comes to major emitters in Singapore.

Read more at https://www.channelnewsasia.com/news...ard-on-9496174


Well done Singaporeans for those who voted for PAP . More taxes coming our way.
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  #21  
Old 15-12-2017, 07:55 PM
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Re: Expect carbon tax to pass on to consumers

State media CNA: Carbon tax does not cost much, only S$3.30 a month

December 15, 2017



Calling the new tax “a leap forward”, Singapore’s propaganda state media ChannelNewsAsia (CNA) expressed support for the incoming 2018’s carbon tax claiming that the new tax will not cost much to most Singaporeans even though it provided an increase estimation of up to S$3.30 a month for regular households:

“According to the National Climate Change Secretariat (NCCS), households will likely see an increase of S$1.70 to S$3.30 per month for electricity in a typical 4-room flat, on top of an average monthly bill of S$72. Similarly, for businesses, increases in costs will likely be in the range of the equivalent of a US$3.50-US$7/bbl increase in crude oil prices. This is estimated to represent a 6.4 per cent to 12.7 per cent increase from current oil prices. Both these increases fall well within usual market fluctuations…While the costs arising directly from the carbon tax will not be significant for most users, the key is for larger users of electricity to take further stock of how efficiently they use energy.”

In his propaganda article published yesterday (Dec 14), CNA editor Jaime Ho also lied on behalf of the dictatorship claiming that the purpose of the new tax is “not to raise revenue”:

“The ultimate goal of the carbon tax is not to raise revenue, but to reduce emissions through changing behaviour at the level of facilities and industries. ”

CNA claimed that Singaporeans should take the tax increase positively, and speculated that the burden on the people will translate to increased investments in “clean and green sectors”.



continue reading here : http://statestimesreview.com/2017/12...s3-30-a-month/
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  #22  
Old 20-02-2018, 09:44 AM
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Re: Expect carbon tax to pass on to consumers

Large carbon emitters to be taxed $5 per tonne of greenhouse gases from 2019 to 2023

Published on 2018-02-20 by Neyla Zannia


Finance Minister Heng Swee Keat said in his Budget speech on Monday (19 February) that large carbon emitters will be taxed S$5 for each tonne of greenhouse gases generated from next year to 2023, which is a significantly lower rate than the S$10 to S$20 per tonne envisioned last year by the authorities. This is said to give the industry more time to adjust and implement energy efficiency projects.

The minister said that the tax rate will be reviewed by 2023, with the intention of increasing it to between S$10 and S$15 per tonne by 2030.

Mr Heng said that the review will consider global climate change developments, the progress of Singapore’s emissions mitigation efforts and its economic competitiveness.

The first carbon tax is expected to be paid in 2020 based on emissions in 2019.

The carbon tax will apply to about 30 to 40 of the largest emitters here that each produce 25,000 tonnes or more of greenhouse gases a year, which account for about 80 per cent of Singapore's emissions.

"The carbon tax will encourage businesses to take measures to reduce carbon emissions," he said, adding that companies that do so will be more competitive, as more countries impose tighter limits on their carbon emissions and international agreements on climate change like the Paris Agreement take effect.

The minister noted that the initial rate of S$5 per tonne “cannot be directly compared” to those in other jurisdictions as those with higher headline carbon prices also have significant exemptions for particular sectors, which lower their effective carbon prices.

Many wanted the carbon tax to be implemented based on emissions performance benchmarks for fairness as opposed to a flat rate, saying that this system allows those that perform at or better than the benchmark to get free allowances. The Government, however, has decided to implement a credits-based carbon tax uniformly across sectors with no exemptions.


continue reading here : https://www.theonlinecitizen.com/201...-2019-to-2023/
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  #23  
Old 20-02-2018, 10:08 AM
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Re: Expect carbon tax to pass on to consumers

U buy a household product n u hv to pay tax for using it ... WTF next u will see in 1 PUB bill there r few taxes in it
Reserved is still reserved cannot touch n hv to stalk up more reserve by higher tax .... but when other country has problems we SG always 1st to throw out $$$ to help .... even big rich country like China .... our hard earned $$$ as taxes
In the past SG Bonus give out $800 to $1600 n now $100 to $300
Give u a small candy n slowly take bk as many as they demand
Tats SG n u hv nothing u to say
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  #24  
Old 20-02-2018, 11:42 AM
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Re: Expect carbon tax to pass on to consumers

However 70% voted for them .
  #25  
Old 20-02-2018, 04:53 PM
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Re: Expect carbon tax to pass on to consumers

I wonder how are they going to measure the carbon tax ??? Looks like you will be paying more for your PUB Bill .
  #26  
Old 20-02-2018, 07:05 PM
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Re: Expect carbon tax to pass on to consumers

Quote:
Originally Posted by stardawn View Post
I wonder how are they going to measure the carbon tax ??? Looks like you will be paying more for your PUB Bill .
No need measure , just pay .
  #27  
Old 20-02-2018, 07:56 PM
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Re: Expect carbon tax to pass on to consumers

Wah lao.. this is a pay and pay govt. When will 70% open their eyes ?
  #28  
Old 20-02-2018, 11:28 PM
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Re: Expect carbon tax to pass on to consumers

Be careful next time u fart in public u may hv to pay carbon tax
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  #29  
Old 21-02-2018, 03:30 AM
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Re: Expect carbon tax to pass on to consumers

Let see if we can bribe our neighbor's government to build a nuclear plant somewhere in Johor. We then can buy electricity from them... problem solved.
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  #30  
Old 22-02-2018, 11:26 AM
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Re: Expect carbon tax to pass on to consumers

Quote:
Originally Posted by ibanezjem555 View Post
Wah lao.. this is a pay and pay govt. When will 70% open their eyes ?
I honestly doubt they will do the right thing.
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