Committee of Supply 2024 debate, Day 1: Foo Mee Har on support for green transition
MP Foo Mee Har shared in Parliament on Wednesday (Feb 28) that the inherently complex green transition necessitates a catalytic role from the Government and that its intervention will be instrumental in making the green transition a reality. She noted that a “true game changer” would be in mobilising private capital to fund climate projects, but pointed out that many projects are sub-scale and too risky for private capital to access, with innovative funding structures such as blended finance seen as a solution. Ms Foo also expressed an urgent need to support businesses to take action towards a net-zero goal so as to stay competitive and relevant. She also wanted to know how the Government is progressing in its goals and targets towards green procurement.
MP Foo Mee Har shared in Parliament on Wednesday (Feb 28) that the inherently complex green transition necessitates a catalytic role from the Government and that its intervention will be instrumental in making the green transition a reality. She noted that a “true game changer” would be in mobilising private capital to fund climate projects, but pointed out that many projects are sub-scale and too risky for private capital to access, with innovative funding structures such as blended finance seen as a solution. Ms Foo also expressed an urgent need to support businesses to take action towards a net-zero goal so as to stay competitive and relevant. She also wanted to know how the Government is progressing in its goals and targets towards green procurement.
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