Incentives to help businesses quickly adopt sustainability standards, support for people to pick up green skills, and tax deductions for green investments are some of the ways to push Singapore's carbon-neutral ambitions further, observers said.
A large part of the suggestions that came ahead of Budget 2024 on Feb 16 centred on Singapore's efforts to decarbonise businesses and industries. Singapore has pledged to achieve net-zero carbon emissions by 2050 and, in tandem with that, it has mapped out a list of targets to be achieved by 2030, such as turning 80 per cent of Singapore's buildings green, having at least 20 per cent of schools becoming carbon-neutral and increasing solar energy deployment.
Analysts from Ernst & Young (EY) made several suggestions linked to decarbonisation, such as letting businesses that buy carbon credits in order to meet their voluntary goals be allowed enhanced tax deductions.
Mr Chai Wai Fook, EY's tax services partner, said the Government can roll out targeted measures to help big and small firms invest in carbon pricing and modelling solutions and projects.
Diese Geschichte stammt aus der February 14, 2024-Ausgabe von The Straits Times.
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