Lee Kuan Yew: Because we are too vulnerable. If the water goes up by one meter, we can have dikes and save ourselves. If the water goes up by three, four, five meters, (laughs) what will happen to us? Half of Singapore will disappear! The valuable half - the seafronts!
Well, let us say, it has gone up to one meter and we have protected ourselves. But our neighboring islands have disappeared! And then Indonesia may not have 30,000 islands - many will be under water.
IHT: Yeah, so what's the answer to that, cap and trade [referring to a program to cap emissions and trade pollution allowances] or can you somehow tax industry a carbon tax of some sort?
Lee Kuan Yew: If you ask me, I think you can ameliorate this problem. But you cannot solve it. Because our dependency on energy will only grow - can only grow. I do not see any tribal leader, any democratic leader, any dictator telling his people, "We are going to forgo growth. We are going to consume less. Travel less. Live a more spartan life and we'll save the earth."