Energy

Singapore minister Lawrence Wong on climate change, green investments

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SINGAPORE — Singapore plans to invest more in building a new green economy, according to the city-state’s Finance Minister Lawrence Wong.

The climate emergency poses an existential threat but also provides new opportunities around sustainability, Wong told Martin Soong as part of the virtual CNBC Evolve Global Summit.

“We are investing in renewable energy. We are investing in decarbonization technologies like hydrogen, carbon capture. And, we are also looking at building Singapore as a hub for the region when it comes to green finance,” Wong said.

The city-state, which is smaller than New York City, has been working for years to preserve its coastline from rising sea levels and other…



Source cnbc.com

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