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Opinion

Singapore's carbon tax hike will drive innovation

Companies to feel pressure to improve sustainability and use renewable energy

| Singapore
Facing space constraints, Singapore will increase its renewable energy capacity through regional investments and importing power from neighboring nations.   © Reuters

Tan Wooi Leong is senior executive director for energy at Surbana Jurong Group, an urban development and infrastructure consulting company in Singapore.

Last month's steep increase in Singapore's carbon tax illustrates the commitment the country has made to bringing about a carbon-neutral future.

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