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ESG INSIGHTS

Issue 1: Singapore’s green bond framework, Asean’s green funding gap

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Kenneth Lim

Kenneth Lim

Published Sat, Mar 18, 2023 · 01:51 PM
    • Green infrastructures accounts for the largest share of an estimated US$3 trillion funding gap for climate mitigation in South-east Asia, according to Bain and Temasek.
    • Green infrastructures accounts for the largest share of an estimated US$3 trillion funding gap for climate mitigation in South-east Asia, according to Bain and Temasek. ILLUSTRATION: KENNETH LIM

    Singapore

    Setting the stage for green bonds

    THE Singapore government has published a green bond framework for debt issued by the government. The framework is aligned with key international standards recommended by the International Capital Market Association and the Asean Capital Markets Forum, which should be welcomed by a market wary of unorthodox “green” standards.

    The framework marks an important first step towards the Singapore government issuing up to S$35 billion of green bonds by 2030, a plan that was announced earlier in the year during the national budget.

    ESG Insightssustainable financeClimate changegreenwashing

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