Covid-19 may turn out to be a dress rehearsal for the tragedies that the climate emergency could bring, says Finance Minister Lawrence Wong, but the pandemic may also bring greater attention to reducing global emissions. 

In his opening remarks at the Singapore Sustainable Investing & Financing Conference (SSIFC) on Sept 30, Wong stopped short of discussing Singapore’s pandemic response, instead focusing on Singapore’s carbon tax

“The right carbon price is critical in ensuring that the cost of carbon properly internalises and helps bring about a reduction in emissions. So, MOF is presently reviewing the level and trajectory of our carbon tax and we will give an update on this important matter in next year's Budget,” Wong adds.

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