Despite its early adoption of a national carbon tax and its ambition to become a green finance leader, Singapore continues to offer one of the highest levels of fossil-fuel subsidies in the Asia-Pacific region, according to MSCI’s APAC Climate Action Progress Report 2025. The report revealed that in 2022, Singapore’s fossil-fuel subsidies accounted for 12% of its GDP, a figure that includes both explicit subsidies for petroleum and implicit subsidies across petroleum, natural gas, and coal. “Real-economy decarbonisation in APAC may slow if governments continue to provide fossil-fuel subsidies,” the report cautioned. https://sbr.com.sg/news/singapore-ranks-amongst-top-fossil-fuel-subsidisers-in-apac (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 18 June 2025