MCOT English News
24 Jun 2008
SINGAPORE, June 24 (Bernama) -– Energy, whether in the form of electricity or petrol, should be priced properly and not subsidised, Singapore Prime Minister Lee Hsien Loong said Tuesday.
He said ideally, energy should be priced not just at today’s market levels but also taking into account the likelihood of a future carbon-constrained world, be it due to scarcer supplies of fossil fuels or a post-Kyoto regime to restrain carbon emissions.
"To achieve results in energy efficiency and conservation, it is important to get the economics right," said Lee when opening simultaneously the Singapore International Water Week, World Cities Summit and East Asia Summit Conference on Liveable Cities at Suntec City here.
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