In 2019, Singapore Prime Minister Lee Hsien Loong said climate change was a matter of “life and death” for the city-state. “Although a sense of urgency to tackle adaptation has been widely communicated from the top down in the City State, it has not yet clearly articulated a role for the private sector and the market in adaptation,” said researchers of a report from the Singapore Green Finance Centre (SGFC) in February. An initiative of London’s Imperial College and SMU, SGFC was launched in 2020 to advance climate financing solutions.
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