Singapore’s sovereign wealth investors GIC, Temasek find adaptation potential
Reports by the two suggest that adaptation opportunities are still undervalued, and that it pays to invest early
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THE likelihood and extent of climate-related losses and damage have increased, with global warming likely to breach the 1.5-degrees Celsius threshold and possibly even 2 deg C.
Higher climate risks could induce greater spending on climate adaptation, especially as the impact of climate change intensifies. Surely there’s money to be made there.
Singapore’s sovereign wealth investors certainly think so. Two separate reports by GIC, which manages Singapore’s foreign reserves, and Temasek, which mainly invests in equities, focus on investment opportunities in climate adaptation.
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