Matthew Mohan Channel NewsAsia 18 Aug 19;
SINGAPORE: Tackling the “50 to 100-year problem” of rising sea levels could cost Singapore around S$100 billion or more, said Prime Minister Lee Hsien Loong on Sunday (Aug 18).
In his English National Day Rally speech, Mr Lee highlighted that Singapore is susceptible to the effects of climate change and especially vulnerable to rising sea levels.
“How much will it cost, to protect ourselves against rising sea levels? My guess is probably S$100 billion over 100 years, quite possibly more,” said Mr Lee.
“If we only have 10 years to solve the problem, we won’t have have the time or resources to do it. But because this is a 50 to 100-year problem, we can implement a 50 to 100-year solution.”
Climate change defences should be treated with utmost seriousness, just like the Singapore Armed Forces (SAF), said Mr Lee.
He said there is a need to “work steadily at it, maintain a stable budget year after year, keep your eye on the target and do it over many years and several generations”.
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