Singapore is showing why cooling is the next investment asset
As heat threatens to lower South-east Asia’s GDP, cooling is becoming a billion-dollar market
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A COUNTRY that has only summer year-round might know a thing or two about heat.
For decades, Singapore’s relationship with the mercury was defined by Lee Kuan Yew’s famous assertion that air-conditioning was the greatest invention of the 20th century. He argued that air-conditioning was crucial for Singapore’s development, allowing for productive, year-round work in the tropics, and “was key to public efficiency”.
But as we navigate the record-breaking temperatures across South-east Asia, the narrative is shifting.
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