On green financing, a lack of colour on required standards

Singapore

ASEAN will need US$200 billion in green investment from 2016 to 2030, a five-time increase from current levels - and that speaks to the "significant potential" for private capital to enter this space, said a top executive from the Monetary Authority of Singapore (MAS) on Thursday.

But there needs to be more clarity in the standards of debt instruments in this area - better known as green bonds - so as to boost confidence among investors, said Ng Yao Loong, assistant managing director, development & international group, MAS.