Singapore needs to front-load its climate spending

In an op-ed, Vinod Thomas, former senior vice-president of the World Bank, and Euston Quah, Albert Winsemius Chair Professor of Economics and director of the Economic Growth Centre at NTU, wrote about whether Singapore is doing enough by way of building its defences against rising sea levels and other countermeasures, as the signs and scientific evidence of the dangers of climate change grow by the day.

While Singapore has a $100 billion long-term plan to safeguard the island from rising seas and other effects of climate change, it should also consider pumping in more funds sooner, not least because forecasts of climate-related damage are changing, they wrote.

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