Our world is changing faster than anyone predicted. As our natural world changes around us, so does our way of life. Sea levels are rising and oceans are becoming warmer. Climate change poses a fundamental threat to everything we love. Current emissions put the world on track to breach tipping points of 1.5°C, which can then cause irreversible impacts on people, environments and economies.
As an island state, with most of the region situated in coastal zones, impacts are already felt by many communities and ecosystems here. The climate crisis is an issue that must be tackled urgently through collective action.
Climate change affects our security and stability. Effects of an unstable climate include:
Despite being a small city-state, Singapore is home to rich biodiversity. Climate change and its subsequent effects will not allow the necessary conditions for these natural habitats to thrive, threatening various species and their valuable ecosystem services.
Singapore is not spared. We see it, we feel it, and we are the victims. Singapore witnessed the hottest day ever recorded with a temperature of 36.7°C in May 2022. The impact is already upon us, we must take immediate action before it gets any worse.
Achieving Net Zero Carbon emissions – which means eliminating greenhouse gases caused by human activity – is key to tackling the climate crisis.
The financial system plays a key role in enabling capital for good. All participants in this system are relevant. We can be better decision makers for the future of our children and our planet.