The idea of “environmental sustainability” is inextricably woven into the tapestry of Singapore’s development from a polluted island in the 1960s to one of the cleanest and greenest cities in the world. Accelerating Singapore’s ascent as a green economy, Budget 2021 promises to take the lead in green bond issuances and as a catalyst, identifies public sector green projects worth S$19 billion that are ripe for such financing. To foster resilience in this age of uncertainty, KPMG proposes the 3R framework to Re-imagine strategic responses, Re-plan the workforce and business models, and Re-create the business and sustainability landscape to surge ahead. There is an opportunity here to promote urban farming to address the country’s food needs. The government should also explore the possibility of enhancing the Land Intensification Allowance to provide tax relief for infrastructure costs incurred in urban farming while leveraging private capital in this initiative New measures in tax regimes and policies will help Singapore move up a gear in its journey towards a car-lite future. To ensure the proliferation of EVs, adequate charging infrastructure is a prerequisite.... Continue Reading