SINGAPORE: Some governments have walked back on energy commitments as a result of the Ukraine war and are reconsidering the use of coal to counter record fuel prices, said Sustainability and the Environment Minister Grace Fu on Tuesday .
Speaking at the 9th Singapore Dialogue on Sustainable World Resources, Ms Fu said that the upcoming UN climate change conference in November will have to tackle the triple confluence of COVID-19, conflict and climate, which has caused economic and geopolitical shockwaves. She added that Singapore has also been at the forefront of developing carbon markets and playing important roles in global carbon initiatives such as the World Bank’s Climate Warehouse on carbon credit trade and the Clydebank Declaration for green shipping corridors.