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Issue 56: MAS, GIC contemplate too-little-too-late future; S-E Asia’s vulnerable workers

Kenneth Lim
Published Fri, Jul 7, 2023 · 07:00 PM
    • A “Too Little Too Late” climate scenario, with high transition and physical risks, has emerged as the most likely to become reality, based on GIC’s assessment.
    • A “Too Little Too Late” climate scenario, with high transition and physical risks, has emerged as the most likely to become reality, based on GIC’s assessment. ILLUSTRATION: KENNETH LIM

    In this issue: A climate scenario marked by more but ineffective policies has become the most plausible, according to GIC, while a Deloitte study finds significant exposure among workers in the region to climate disruption.

    Singapore

    Maybe we shouldn’t put too much faith in policymakers

    Imagine a world in which governments come up with new climate policies every time there is another extreme weather event, but these policies are never effective enough to get ahead of global warming. So the weather disasters keep coming, and the policies keep changing, but the world keeps getting hotter.

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