Green finance seen as key in Singapore’s climate change fight
- Posted by: vitu
- Categories: Asia, Environment, Singapore
To ensure economic growth and fight climate change at the same time, Singapore needs to leverage green finance and mobilise capital for low-carbon investments, said Minister of State for Sustainability and the Environment Desmond Tan yesterday.
And to succeed in its efforts, the country also needs to plan ahead for a smooth transition to low emissions and build resilience against environmental shocks, he added.
“Covid-19 has accelerated pre-existing trends, including rising protectionism, rising inequalities and global warming,” Mr Tan, who is also Minister of State for Home Affairs, noted in his speech at the European Union-Singapore Dialogue on climate change.