What is a carbon tax?

Singapore has a domestic carbon tax, which will remain unchanged until 2023. ST PHOTO: KUA CHEE SIONG

A carbon border tax, or carbon border adjustment, is a tariff imposed on imported goods based on the amount of greenhouse gases emitted during their manufacture.

In the case of steel, cement, aluminium, and even paper, the "embedded emissions" can be substantial.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.