Mix of methods to fund climate change defences

Singapore

SINGAPORE will need a combination of financing methods for climate change defences, said Second Minister for Finance Lawrence Wong in Parliament on Tuesday, noting that the existing reserves protection framework allows the use of past reserves for all land reclamation projects.

Nominated Member of Parliament Walter Theseira had asked to what extent the existing policy of funding land reclamation via past reserves will be applied to finance the projected S$100 billion cost of climate change protection measures.