To expand Singapore’s CET system, the Government has committed to investing $2.5 billion over the next five years and the bigger challenge now is to put this added resource to develop a first-class system.

Two National Education (NE) surveys on students – conducted in 2008 and this year – showed that more than 95 per cent were proud to be Singaporeans, the minister said yesterday.

With the region awash in liquidity, asset-class bubbles remain a significant worry for Singapore.
Commenting on the next General Election, which must be held before February 2012, Mr Lee said a key goal for the polls is to identify Singapore’s next generation of leaders and to see its political system continue to evolve.

Said Mr Lee: “At present, we don’t have a carbon tax, but we calculate a shadow price for carbon in our cost-benefit analysis so that Government policies and decision making can be better-informed and rational.”

“If there’s a global regime to curb carbon emissions, and that means Singapore will have to reduce our own emissions more sharply than we’re doing now in order to comply with international obligations, then we’ll have to make the carbon price explicit to send the right price signals.”

People Like Us spokesperson Alex Au noted that economic growth is not synonymous with happiness, justice or social equality.