SINGAPORE - Singapore is weighing options including the issuance of government bonds to fund the $100 billion it could take to fight rising sea levels over the next century.
"For those that have to be spent that will benefit future generations, we're talking about borrowing so that whatever we spend for the future will also be paid for by the future generations," Mr Masagos told Bloomberg TV's Haslinda Amin."$100 billion is actually a lot of money even if spent over 100 years."
In growing the country's land mass, Singapore has traditionally relied on importing sand from other countries, a method that carries environmental consequences. Neighbouring Malaysia said last month it had banned all sea sand exports last year, while Indonesia and Cambodia have already halted sand exports to limit damage to its environment.
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