Environment and Water Resources Minister Yaacob Ibrahim (left) said more money will be invested in developing innovative ways to reduce waste and pollution levels. --PHOTO: JOSEPH NAIR FOR THE STRAITS TIME
IN THE current global downturn, growing the economy in a more sustainable way has become more, not less relevant, Environment and Water Resources Minister Yaacob Ibrahim said on Wednesday.
In an addendum to the President's address on Monday, Dr Yaacob said more money will be invested in developing innovative ways to reduce waste and pollution levels, building on existing expertise in clean water and energy efficiency capabilities.
The efforts are part of the ministry's aim to enhance Singapore's living environment and source new technologies to help build a more dynamic economy and cleaner environment.
'As environment and water issues come to the fore, such capabilities can help position Singapore as a global hub for environment and water solutions and provide economic opportunities and jobs for Singaporeans,' Dr Yaacob said.
Last month, the Government released its sustainable development blueprint which projects environment and water technologies and clean energy solutions to create 18,000 more jobs and add $3.4 billion to the Republic's gross domestic product (GDP) over the next six years.
The Environment Ministry will also step up efforts to improve energy and water efficiency, keep water catchment areas clean, lower pollution levels and encourage more recycling while minimising waste disposal, as part of efforts to promote a better quality living environment here.
Public health standards will also be stepped up to ensure greater hygiene standards are maintained at food establishments and public spaces kept litter free.
As environmental challenges emerge, Dr Yaacob added that these initiatives would help reduce costs, improve energy security and enhance Singapore's economic competitiveness.
'Our high quality living environment is our pride and joy. It is also key to attracting international friends, investors and global talent,' he said.