The near future of green bonds in Singapore
Singapore should seize the opportunity to cement its role as a sustainable finance hub in Asia
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THE financial world has resolutely embarked on a series of actions directed towards sustainable investment, involving banking, insurance and asset management, collectively called "the financial sector".
The objective is the mobilisation of trillions of dollars towards a more socially and environmentally balanced society, better able to deal with the climate, development and growth challenges of the 21st century. The Addis Ababa Action Agenda, the United Nations' Sustainable Development Goals and 2030 Agenda and the Paris Agreement on Climate Change have all created a gradually accelerating momentum.
In 2018, the Climate Bonds Initiative (CBI) reported that almost US$170 billion of green bonds have been issued globally that are aligned with the objectives of the Paris Agreement to limit global warming.
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