MAS Green Finance Action Plan
The Monetary Authority of Singapore (MAS) announced the Green Finance Action Plan which aimed to grow Singapore as a leading centre for green finance in Asia and globally. MAS would drive efforts to build resilience to environmental risks, develop green finance markets and solutions, build the requisite capabilities and encourage green FinTech innovation. As a start, MAS set up a US$2 billion Green Investment Programme to place funds with asset managers who were committed to growing green capabilities in Singapore. We would continue to work with the industry in leveraging technology and innovation to mainstream green finance.
Author: Monetary Authority of Singapore (MAS)