14 Nov Collaborative Initiative for Green Finance in Singapore: Singapore as a Green Finance Hub for ASEAN and Asia
The momentum behind green finance is growing in Singapore. As a regional financial hub, Singapore is well positioned to tap on significant opportunities in green finance. By introducing measures to “green” our financial sector, Singapore stands to become among the leaders in the nascent sustainable financing sphere, and this will help the Singaporean financial sector stay relevant and grow our competitiveness.
The Collaborative Initiative for Green Finance in Singapore is a national-level initiative driven by the Singapore Institute of International Affairs (SIIA). The UN Environment Inquiry is our partner, with the support of the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS).
A report titled “Collaborative Initiative for Green Finance in Singapore: Singapore as a Green Finance Hub for ASEAN and Asia” is the culmination of the series of roundtable, working group meetings and closed-door consultations which SIIA has conducted this year. It establishes the baseline for green finance in Singapore, outlines the opportunities and possibilities for green finance and proposes various recommendations with a view to position Singapore as a Green Finance hub for the region. This report also marks the end of Phase 1 of the Collaborative Initiative.