DPM Heng Swee Keat said the application of robust science-based research, expertise and innovation is critical to solving the climate challenge.
Net zero can be achieved when carbon emissions due to human activity are counterbalanced by natural processes that remove carbon from the atmosphere. “To address the challenges of climate change, the sector must continue to invest in deepening sustainability-related skills and capabilities, forge closer collaborations with academia and industry, and position itself to pursue innovation with impact and at scale,” DPM Heng said.
COP29, the United Nations climate change conference, will be held in Baku, the capital of Azerbaijan, in November. Speaking to an audience of about 200, which included academics, policymakers and representatives from financial institutions, DPM Heng said: “Many of you here are part of the sustainable finance community – in Singapore, in the region, and around the world.