“Any correlation between economic growth and green initiatives should not be quantified in monetary terms alone”, Chief Executive Officer Jayaprakash shares more on Singapore’s new carbon tax with The Business Times
RHT Holdings Chief Executive Officer Jayaprakash Jagateesan was quoted in The Business Times’ Views From The Top article titled “A powerful, effective strategy to combat climate change”.
The article was first published on 12 March 2018.
‘A powerful, effective strategy to combat climate change’
Monday, 12 March, 2018
THIS WEEK’S TOPIC: What will be the impact of Singapore’s new carbon tax on industry and economy? Is there a trade-off between going green and economic growth?
Chief Executive Officer
RHT Holdings Pte Ltd
WE expect the initial rate of S$5 per tonne of emissions to spur energy-intensive industries to invest in more sustainable solutions to mitigate the effect of even higher rates in the future. However, it remains to be seen whether companies can cope with rising costs in the near term.
Despite potential headwinds, we are confident that a dynamic economy will fuel greater economic activity in sectors such as green technology.
Any correlation between economic growth and green initiatives should not be quantified in monetary terms alone. We believe that a long-term view is needed to maintain an environment where high standards of living can be enjoyed for generations.