Companies must seize opportunities to go green and stay competitive, or risk losing out: Grace Fu

WHERE THE Earth focuses ON CLIMATE CHANGE

Besides opportunities, Singapore has come up with different techniques to encourage businesses to decarbonise, like as implementing a carbon tax.

Ms. Fu pointed out that some industries are now experiencing climate change’s results.

She added: “Do we want to rush and get swept- and say, ‘just delay, keep on, let’s see who else is doing and how hard they’re moving before we start. ’

“Or do we say: ‘ Hey, we need to do this anyway, so might as well make full use of the opportunities that come our way. ’” 

At the discourse, Ms Fu also spoke about how the COP28 climate talks in Dubai had been fairly effective.  

Delegates agreed to officially create a loss and destruction fund to assist flimsy nations that are dealing with climate change on the first day of the weather summit.  

After two months of intensive conversations, members from nearly 200 nations finally reached a deal that urges countries to switch from fossil fuels.

A global overview of where the world stands on climate change was also revealed at the Dubai event, and how nations have fared in bringing global heat to the important 1 level. 5 degrees Fahrenheit control called for in the Paris Agreement.  

We all come to terms with the fact that this is the goal that we will pursue, and we have specific suggestions for the change, she said.  

So it’s really a step toward simply saying that everyone should strive for this goal, and that everyone should work toward it, especially in terms of mitigation. ”