The Business Times
business-time-50
ESG Insights
·
SUBSCRIBERS

Issue 77: MAS works out cost of a late start; COP28’s wild kick-off

google-preferred-sourceAdd BT as a preferred source
Kenneth Lim

Kenneth Lim

Published Fri, Dec 1, 2023 · 07:00 PM
    • Singapore’s banking sector could incur credit costs that are about 50 per cent higher if the world’s climate transition is an abrupt instead of smooth one, says the Monetary Authority of Singapore.
    • Singapore’s banking sector could incur credit costs that are about 50 per cent higher if the world’s climate transition is an abrupt instead of smooth one, says the Monetary Authority of Singapore. ILLUSTRATION: KENNETH LIM

    In this issue: Singapore’s financial regulator analyses the cost of climate transition under different scenarios, while allegations of conflicts of interest mar the start of the annual global climate conference.

    Singapore & S-E Asia

    Wait now, pay later

    Delaying climate action to 2026 instead of starting immediately could cost the Singapore financial system about 50 per cent more in the short and medium term, the latest analysis by the Monetary Authority of Singapore (MAS) has shown.

    ESG InsightsNet zeroBankingCOP28sustainable financeESG

    TRENDING NOW

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

    Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More