Unlocking transition finance for Singapore’s future 

SOUTH-EAST Asia is at a crucial stage in its transition towards becoming a low-carbon, climate-resilient economy. If we are to accelerate this, the allocation of capital and solutions needs to evolve, not only increasing investment in carbon-efficient technology and green projects, but also incentivising existing hard-to-abate sectors to become greener at a reasonable cost.

Earlier this year, Singapore outlined bolder plans to ramp up its sustainability ambition and become Asia’s leading green city. Notably, carbon taxes are slated to rise to S$50-80 by 2030, a move that spells a significant change for industries with high carbon emissions.

Corporate call to action

At the start of 2022, the Singapore Exchange updated its listing rules requiring “issuers to disclose their Scope 1 and Scope 2 greenhouse gas (GHG) emissions, with Scope 3 GHG emissions to also be disclosed, if appropriate”.