limate change brings new and exciting opportunities for businesses. In Singapore, solutions to climate challenges are catalysing the growth and development of new businesses, initiatives and investments.
Some of the biggest companies which are developing and commercialising sustainable solutions for Asia are housed here. By creating a conducive environment for water and environmental companies to anchor their R&D, engineering, consultancy, manufacturing, sales and marketing, supply chain management, procurement and headquarters operations, Singapore is well positioned to take global leadership as an innovator and provider of solutions in the industry.
At the United Nations Climate Action Summit 2019, Prime Minister Lee Hsien Loong reiterated the salient point that for Singapore, “climate change is existential” and affirmed that it would do its full part to mitigate climate change, including peaking its carbon emissions by around 2030, and switching to a cleaner fuel mix and using cleaner energy solutions.
Singapore has developed creative solutions such as large-scale solar panels that float in Singapore’s reservoirs and off its shores. The nation is also aiming for 80 percent of buildings in Singapore to have energy-saving features by 2030.
Singapore remains committed to its sustainability goals. Since last year’s drive towards zero waste, efforts have been stepped up to boost Singapore’s transition into a circular economy and reduce pressure on the environment.
The trend towards sustainable consumption is an opportunity to be seized. At the launch of Singapore Exchange’s inaugural review of sustainability reports produced by Singapore-listed companies in December 2019, Mr Masagos Zulkifli, Minister for the Environment and Water Resources, said that solutions to climate challenges are also catalysing the growth and development of new industries and there is increasing demand for renewable energy in ASEAN.
He also pointed out that according to the Business and Sustainable Development Commission, the shift to sustainable economies in Asia represents some $5 trillion of investment opportunities between now and 2030. In Singapore alone, over $6 billion of green bonds have been issued to date.
As protection of the environment becomes a higher priority, the need for environmental goods and services escalates rapidly. The opportunities for growth, investments and innovations are immense and Singapore is an ideal springboard for environmental and water companies looking to serve the region.
Marshall Cavendish’s latest Singapore Environmental Industry Directory is more than just a listing of companies in the environment industry in Singapore. It is a must-have industry resource for advice, supplies, collaboration and business opportunities. I trust that within these pages, businesses, government agencies, individuals, and the community will find valuable resources and references for growth, prospects for alliances and ideas for innovation.
Ms Tristine Lim
Marshall Cavendish Business Information Private Limited