$2 Billion Investment Boost for Singapore's Green Finance Push

Date: 
14 Nov 2019
Source: 
Syminvest

Singapore's quest to become a global green finance hub just got a $2 billion speed boost with the launch of an investment program to support the growth of climate-friendly projects.

Known as the Green Investments Programme (GIP), the new initiative by the Monetary Authority of Singapore (MAS) will channel funds to asset managers who are committed to deepening green finance activities and capabilities in Singapore. These managers will in turn invest in public market firms with a strong green focus, said MAS board member and Education Minister Ong Ye Kung at the Singapore FinTech Festival and Singapore Week of Innovation and TeCHnology (SFF x SWITCH) conference on Monday.

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Country: 
Singapore