Desktop wide screen and notebook header

  • Limited 10% discount on monthly subscriptions @ subscribe to The middle Road | The middle Road supports Melinda Gates backed Techstars Future of Longevity Accelerator

Tablets header

  • Limited 10% discount on monthly subscriptions @ subscribe to The middle Road | The middle Road supports Melinda Gates backed Techstars Future of Longevity Accelerator

Mobile header

  • Limited 10% discount on monthly subscriptions @ subscribe to The middle Road | The middle Road supports Melinda Gates backed Techstars Future of Longevity Accelerator

Singapore & Sustainable Debt Market

Copenhagen, the capital of Denmark, found that the use of greener spaces saves EUR 940 million to cope with heavy downpours compared to relying on grey infrastructure.

Nature-Based Solutions are a panacea for conserving marine and coastal ecosystems and developing greener cities. Singapore is an excellent example of using nature-based solutions as part of a long-term strategy in implementing climate change. In Singapore, a third of the island is covered by trees enabling social change and impacting the environment and citizens. 

As part of its 2030 Green Plan, Singapore plans to invest 50 percent more (200 hectares) of land for nature parks as part of its biodiversity drive. The fact that every household will live within 10 minutes of walk to a park has numerous positive externalities example, healthier life, lower healthcare costs, better wellbeing, more productivity at work, etc. The country is increasingly deploying circular economy solutions and, by 2030, expects to reduce waste to landfills by 30 percent. Many ground-breaking initiatives like expanding the cycling network to 1320 km and raising the share of public transportation to 75 percent by 2030 can serve as a beacon for other countries in implementing and understanding impact evaluation to foster a greener tomorrow. 

 

As of 2020, 28 countries have communicated low emission development strategies to the UNFCCC. One of the major policy initiatives is to either subside low emission or energy efficient products while tax products or activities that add greenhouse emissions to discourage their consumption and production. Refer to the educational video of externalities to under positive and negative externalities. Although revenues due to carbon entanglement remain high for many regions i.e. revenues as a percent of fossil fuel extraction, carbon pricing is still applied to only 20 percent of all carbon emissions. Refer to the upcoming tutorial on externalities under Online Courses.

 # Singapore Green Plan 2030

Copenhagen, the capital of Denmark, found that the use of greener spaces saves EUR 940 million to cope with heavy downpours compared to relying on grey infrastructure. 1 

Nature-based solutions are a panacea for conserving marine and coastal ecosystems and developing greener cities. Singapore is an excellent example of using nature-based solutions as part of a long-term strategy in implementing climate change. In Singapore, a third of the island is covered by trees enabling social change and impacting the environment and citizens. As part of its 2030 Green Plan, Singapore plans to invest 50 percent more (200 hectares) of land for nature parks as part of its biodiversity drive. The fact that every household will live within 10 minutes of walk to a park has numerous positive externalities example, healthier life, lower healthcare costs, better wellbeing, more productivity at work, etc. The country is increasingly deploying circular economy solutions and, by 2030, expects to reduce waste to landfills by 30 percent. Many ground-breaking initiatives like expanding the cycling network to 1320 km and raising the share of public transportation to 75 percent by 2030 can serve as a beacon for other countries in implementing and understanding impact evaluation to foster a greener tomorrow. 

 

Singapore’s mind-blowing thought leadership initiatives show how a small country despite having limited natural resources, can define the paradigm in leading the way for a better world.

References 

 

  1. Financing Climate Futures Rethinking Infrastructure
  2. SUSTAINABLE DEBT GLOBAL STATE OF THE MARKET 2020 | Climate Bonds Initiative
  3. Singapore Green Plan 2030 | https://www.youtube.com/watch?v=oNFeOl7pW9s&t=7s