06 Jul '11, 9am

Singapore plans for unforeseen weather conditions

SINGAPORE : Singapore's Environment and Water Resources Minister Vivian Balakrishnan said governments will have to factor in the cost of insurance, infrastructure and technology when planning for unforseen circumstances brought about by unpredictable weather. Speaking at the closing of the Water Leaders' Summit on Wednesday, Dr Balakrishnan said climate change is a "stark reminder" that "so called one in a hundred year events now occur at time intervals considerably less than a hundred". "The point is whether we like it or not, we are going to get used to a more turbulent ride, a less predictable world, and there is a need therefore for us to insure ourselves wherever possible, and wherever sensible against these events. At some point, the cost is going to be paid either upfront in better preparation or timing, or worst, when the consequences of these unpleasant singular e...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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