The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Singapore pledged more incentives to encourage green lending, measures that may propel its way in a race to be a global sustainable-financing hub.
The city-state will launch a $2 billion green investments programme, according to Monetary Authority of Singapore board member Ong Ye Kung.
The central bank’s funds will go to projects with a “strong green focus,†and to “asset managers who are committed to deepening green finance activities and capabilities in Singapore,†Ong said.
MAS estimates that Southeast Asian nations will need $200 billion of investments every year until 2030 in projects that benefit the environment and have low carbon footprints.