SINGAPORE: Achieving net zero is not just an international obligation but also an unprecedented economic opportunity,  , Singapore’s Ambassador for Climate Action Ravi Menon said on Friday ( Feb 21 ).
It is also” a moral imperative” to prevent future years, he added.
Mr. Menon emphasized three factors that drive global climate actions: politicians, economics, and nature during his speech at the Temasek Ecosperity Conversations event, which was held in partnership with PwC Singapore.
He warned that “ultimately it is nature that may call the pictures” in the context of the political and economic factors at play.
” The timeline is no set by political cycles or value shapes, it is set by nature”, Mr Menon said.
” Whether we are a country or a company, the longer we delay action, the more disorderly the transition will become for us” . ,
Former head of the Monetary Authority of Singapore, Mr. Menon, described international political advancements on the environment front as “more negative than good.”
Recent political developments in the US” evidently posed challenges for weather motion”, he said, noting the land ‘s , departure from the Paris Agreement for a second time and President , Donald Trump’s claim to increase oil and gas production.
According to Mr. Menon, “political developments in the US are a distinct step backward for climate activity.”
According to Mr. Menon, political support for climate change has decreased in various nations, citing how environmental issues have taken a backseat in Europe as a result of voters ‘ worries about the war in Ukraine and concerns over rising living costs.
Because of the place taken by the US,” we don’t rule out some nations lowering their climate interests,” said Mr. Menon.
He pointed out that only 13 out of 195 governments had completed their 2035 climate commitments by the UN’s February 10 date. Singapore was one of the 13.
It’s still to be seen if those who haven’t pledged to act on climate change may back down, he said.