Singapore carbon tax gallops ahead of Japan and Indonesia levies

Heavy polluters face high costs as city-state sets 'bold' new tone for Asia

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Oil refineries near Singapore port terminals in 2013: The city-state's plan to significantly raise its carbon tax is making waves. © Reuters

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Singapore is set on making heavy polluters pay dearly over the next decade if they fail to rein in carbon dioxide emissions.

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