SINGAPORE: The Government could fund the S$100 billion cost of climate change protection measures using a combination of borrowing, reserves and ministry budgets, Second Minister for Finance Lawrence Wong told Parliament on Tuesday .
"We will need a combination of funding methods to finance the various climate change adaptation measures," Mr Wong said. READ: NDR 2019: Climate change one of the 'gravest challenges facing mankind', impact on Singapore to worsen, says PM Lee "The land created through reclamation will be protected as part of past reserves, and when such land is subsequently sold, the proceeds accrue fully to past reserves," he said.
The Government also provides the President with a statement on land-related expenditures annually, he said.