Speech by Singapore’s Ambassador for Climate Action at the SBF Dialogue in 2025

Singapore’s Ambassador for Climate Action delivered a substantial speech at the Singapore Business Federation Dialogue on March 17, 2025, focusing on the need for businesses to adapt to climate change realities. The Ambassador stated that Singapore is committed to reducing emissions to “between 45 to 50 million tonnes of carbon dioxide equivalent by 2035” as a step toward a 2050 net-zero target. Additionally, the carbon tax will be raised to $50–$80 per ton by 2030, which will support businesses in their decarbonisation efforts. The speech underscored the importance of transition planning for businesses to remain competitive in a changing climate.