Green finance seen as key in Singapore’s climate change fight

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.

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