Singapore (Commonwealth Union)_ Singapore has lately had some strange weather, including some of its coldest and warmest days on record, all within the past year. The cause is climate change, which, if uncontrolled, will eventually cause more regular and severe heatwaves and floods disasters over the entire planet, not just in the city-state.
The nation has prioritized sustainability as one of its key goals because of this. The Singapore Green Plan 2030, a plan to enhance sustainable development in the country, was unveiled earlier this year by the Singaporean government. The strategy calls for expanding the use of renewable energy sources, enhancing energy efficiency, expanding green infrastructure and lowering waste.
Businesses will be essential to advancing the green economy and achieving Singapore’s goal of net-zero emissions by or about 2050, according to Christine Wong, the executive director of urban solutions and sustainability at Enterprise Singapore, a national organization that promotes business growth.The demand on businesses to incorporate sustainability into their operations and have a beneficial influence on the society and environment in which they operate is growing, therefore this is to be expected. By 2030, Southeast Asia’s green economy may offer up to $1 trillion in potential yearly economic prospects.
Furthermore, Wong notes that Singaporean startups and companies “who can build sustainability as a core skill and deliver sustainable products and services” would be well-equipped to exploit green demand. Institutes of higher learning that encourage research and development in new green technologies, together with greentech accelerators like Imagine H2O Asia and GreenMeadows Accelerator, will be crucial in assisting businesses in achieving this. Accelerators are especially important for companies because they may use them to swiftly achieve important milestones like raising venture financing, exiting through acquisition and developing momentum with customers.
