Overview
Enabling sustainable infrastructure is important for tackling climate change
- Climate change can directly impact physical infrastructure networks and indirectly impact the economy via disruption to transportation and electricity supply, among others. Given Southeast Asia’s long coastlines and heavily populated low-lying areas, the region is even more vulnerable to climate change.
- In the face of these challenges, sustainable infrastructure can strengthen the region’s economic resilience and reduce the risks of physical damages and financial losses. It is therefore imperative for us to attract and mobilise private capital to support future infrastructure needs.
Key Facts and Trends
Globally
US$6 to 7 trillion
US$6 to 7 trillion
of infrastructure investments needed
Globally, about US$6 to 7 trillionFinancing Climate Futures: Rethinking Infrastructure, Policy Highlights, 2018, OECD of infrastructure investments will be needed per year till 2030 to achieve climate and development goals.
Southeast Asia
US$2 trillion
US$2 trillion
of infrastructure investments needed
Southeast Asia alone will need US$2 trillionSpeech by Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and National Development, at the Singapore Sustainable Investing and Financing Conference, on 9 June 2022 in infrastructure investments over the next decade to enable sustainable transition and put the region on the path to net zero.
MAS’ Initiatives
Infrastructure Asia
Launched in conjunction with Enterprise Singapore, Infrastructure Asia is a project facilitation office that connects the region’s infrastructure opportunities and ecosystems to the world. This includes connecting partners, building capabilities, and providing advisory services for smart and sustainable urban solutions.