Singapore Budget 2012 should provide results-based incentives to help companies reduce energy, water and waste

February 7, 2012 by  
Filed under Insights

The Singapore Budget 2012 speech will be delivered by Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam, in Parliament next Friday. Singapore and the world is expected to face an economic slowdown over the next few years, thus this Singapore Budget is especially important in helping businesses prosper and not falter in the Year of the Dragon.

At Green Business Singapore, our top wish for this year’s Budget is to see the government help more companies reduce their environmental impacts and save on operating costs.

The government can consider results-based incentives to motivate more companies in reducing their environmental impacts, such as water and energy consumption, and waste disposal. The incentives would be based on how much energy, water or waste is reduced by the company, and could include rental or cash rebates, and tax deductions. Read more