Singapore must take bold decisive moves to thrive in the green economy: MAS chief

Singapore needs to be innovative to overcome its natural limitations in the ability to harness renewable energy, said Menon. - ST

SINGAPORE (The Straits Times/ANN): Transitioning to a green economy may be challenging for Singapore because of its lack of natural endowments. But it can thrive if it makes bold, decisive moves, said Ravi Menon.

Delivering an Institute of Policy Studies lecture on Wednesday (July 7), the managing director of the Monetary Authority of Singapore pointed out that Singapore is the first country in South-east Asia to implement a carbon tax.