2018 is officially the year of climate action in Singapore, and yet the country’s powerful banks are bankrolling huge, greenhouse gas-producing coal-fired power stations in Asia Pacific, a report has found.

New coal-fired power plant, Indonesia. Despite dire environmental consequences the Indonesian government and industrial partners will go ahead with the construction of the coal-fired power plant in Batang. Image: cpaulfell / Shutterstock.com

Singapore banks are bankrolling fossil fuel power projects that are at odds with public promises to fight climate change, a report from Market Forces has found.

Read more: Singapore has declared 2018 the year of climate action—so why are its banks still funding coal?


Singapore has already adopted various strategies to cope with coastal erosion and flooding as sea levels rise. In 2016, Singapore raised the coastal Nicoll Drive (above) in Changi by up to 0.8m.ST FILE PHOTO

Due to its position on the Equator, Singapore may be spared tropical cyclones that last year wreaked havoc in the northern hemisphere.

Read more: Singapore to boost climate change defenses



From calls to avoid plastic packaging to campaigns to cut food waste, the message for everyone to help fight climate change will be amplified next year.

2018 will be the Year of Climate Action for Singapore, declared Minister for the Environment and Water Resources Masagos Zulkifli last month.

Read more: Looking Ahead to 2018: To tackle climate change, all hands needed on deck


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