Economists consider a carbon tax an efficient way to tackle climate change. But tariffs here are minimal and likely to have little impact on businesses and behaviour.

SINGAPORE (July 8): When Singapore finally introduced a price on carbon emissions at the beginning of this year, Jeremy Ng, a public speaker and an avid environmentalist, was elated. The former chief project officer of Climate Resources Exchange International says nothing spurs action like nationwide legislation. But, the amount that Singapore is imposing is comparatively minute, and therefore likely to have only minimal impact. In any case, putting a price on polluting is likely to be insufficient to fix climate change woes.

“[Imposing] carbon taxes is a quick and easy fix to work on our carbon emissions,” says the 37-year-old, who is a member of the Singapore Youth for Climate Action Group. “Our current carbon tax value is too little and a mere slap on the wrist for the oil majors and large corporations.”

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