Budget 2021: Government to issue green bonds to help enable sustainability efforts Toggle share menu
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Budget 2021: Government to issue green bonds to help enable sustainability efforts
An artist s impression of Tuas Nexus which shows the co-location of the Integrated Waste Management Facility (IWMF) (left) and the Tuas Water Reclamation Plant (Tuas WRP) (right). (Image: National Environment Agency and PUB)
16 Feb 2021 07:09PM) Share this content
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SINGAPORE: The Government will issue green bonds on select public infrastructure projects, with up to $19 billion of public sector green projects already identified, said Finance Minister Heng Swee Keat in his Budget speech on Tuesday (Feb 16).
The Straits Times
Green bonds for some public infrastructure projects
Mr Alvin Seo, global lead for environment, social and governance at solar company Maxeon Solar Technologies, said Singapore s plan to develop into a hub for sustainable finance and carbon services - which include trading carbon credits - could help in the green recovery from Covid-19 and lead to economic growth. PHOTO: COURTESY OF ALVIN SEO
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Singapore puts budget focus on transformation, innovation
After tilting last year s budget towards emergency support in light of the global pandemic, Singapore s government will spend SG$24 billion ($18.1 billion) over the next three years to help local businesses innovate and build capabilities needed to take them through the next phase of transformation.
February 16, 2021 18:17 GMT (10:17 PST) | Topic: Innovation
Singapore is setting aside SG$24 billion ($18.1 billion) over the next three years to help local businesses innovate and build capabilities needed to take them through the next phase of transformation. The financial boost will go towards various initiatives such as the Emerging Technology Programme, which will see the government co-fund the cost of trials and adoption of emerging technologies including 5G, artificial intelligence (AI) and cybersecurity.
PERSPECTIVE: What are the various considerations behind land-use planning in Singapore?
Many Singaporeans were concerned over two development plans recently, one at Clementi forest and the other at Dover forest. This has led to a question on how Singapore strikes a balance between nature conservation and development.
In Parliament on Feb. 1, Minister for National Development Desmond Lee spoke at length on the development plans for green spaces in Singapore in response to questions filed by six Members of Parliament (MPs).
Lee highlighted the followings:
Singapore s approach to conservation and land-use as a city-state is unique.
Land use planning is a constant act of balance and land-use needs change between generations. Therefore, flexibility in planning is necessary to cater to the needs and aspirations of each generation.
The Straits Times
PUB awards $237 million contract to China State Construction Engineering for industrial water treatment modules
The Tuas Water Reclamation Plant (right) will be co-located with the National Environment Agency s Integrated Waste Management Facility.PHOTO: NEA
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