SINGAPORE (June 24): If you thought trade wars and the epic struggle for power between the US and China were bad, here is something that could be even worse.

Damaging forms of climate change are unfolding faster than expected and Southeast Asia is likely to be a bigger loser from it than other regions. Worse still, even with all the increasing efforts to contain climate change, the political will is lacking at the global level for sufficient action to limit climate change to easily manageable levels. So, countries such as Singapore must assume the worst and proactively prepare for it: the policy agenda is intimidating and its implications such as how to finance it equally concerning. But, if we do it right, we might even be able to convert a potential catastrophe into an opportunity.

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