The recent extreme weather patterns and rising average temperatures seem to suggest that the impacts of climate change may materialise sooner than we think. This is an imperative issue that has been rising in the governmental regulatory agenda. Singapore has recently revised its target to commit to a peak emission level equivalent to 65 mil tonnes of carbon dioxide around 2030 and halve this to 33 mil tonnes of carbon dioxide around 2050. How will Singapore’s real estate landscape look like should temperatures and sea levels continue to increase?
In this publication, we will analyse the impact of rising sea levels on Singapore’s commercial real estate and our recommendations on how the real estate industry can explore ways to reduce carbon emission levels to combat the effects of climate change.