Gov’t grooms Singapore as regional green finance hub

This comes as opportunities arise from sustainability drives.

The government is looking at positioning Singapore as the green finance hub in the region, Minister Lawrence Wong said.

Wong said this comes in light of opportunities arising from drives towards sustainability and green economy.

There are many opportunities. This is an existential threat because of the climate emergency we face, but there are also many new opportunities in this area,” Wong said during his Fireside Chat at the virtual CNBC Evolve Global Summit.

“So we are investing in renewable energy. We are investing in decarbonisation technologies like Hydrogen Carbon Capture and we are also looking at building Singapore as a hub for the region when it comes to green finance.”

Wong said the concept of the green economy is still a work in progress, but they are participating in discussions and forum that tackle standards in terms of going “green.”

He added for the government’s part, they are using a whole range of measurements and criteria, particularly looking at the carbon intensity and the use of energy amongst others.

The government has also taken other initiatives, such as imposing a carbon tax, which it will likely adjust.

“We potentially will review the quantum of carbon tax going forward to adjust it higher in accordance with our plans to lower emissions and to achieve greener growth.


Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Meanwhile, a record 583 non-landed homes sold for more than $2m each in the first nine months of the year.
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
It is followed closely by the identification app SingPass.
The index tracks REITs in the APAC region with higher dividend yields and positive environmental attributes.
Both companies will create training programs to support digital entrepreneurship and digital upskilling for Grab partners.
The deal is focused on M1’s network assets. 
This is a part of the Lion City's bid to become a global maritime knowledge and innovation hub.
Risks, however, are present with the financial troubles faced by the real estate sector in China. 
This comes as more Singaporeans turn to gaming in the midst of the pandemic. 
Retail sector has experienced the “most disruptions” with the changing restrictions.
The company was commended for being a global and regional sector leader in five categories.
The CEO designate said he aims to drive development in the company’s business units.   Gary Ho,  who played an instrumental role in the Initial Public Offering (IPO) of Nanofilm Technologies International Limited, has been appointed Chief Executive Officer of the company.
Analysts said strong leasing activity in Q3 played a factor.
Islandwide prime retail rents saw a dip by 0.6% q-o-q. 
Jardine Cycle & Carriage, Keppel Corporation and Frasers Logistics & Commercial showed the most growth.