SINGAPORE - To address economic and climate objectives at the same time, Singapore needs to adopt a three-prong approach that includes leveraging green finance to manage the risks of climate change and mobilise capital for green and low-carbon investments.
"This has always been Singapore's approach to development - to look and plan long term," said Mr Tan. He urged more companies to make the low-carbon, low-emissions transition, adding that firms can tap the Economic Development Board's Resource Efficiency Grant for Energy and the National Environment Agency's Energy Efficiency Fund.
He said the region expects to see more sustainability-related growth opportunities in areas such as infrastructure, renewable energy, carbon services and financing.