Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    13,800+ curated items from top Think Tanks.
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    Green Fiance in Singapore: Barriers and Solutions

    Chang, Youngho | January 2019
    Abstract
    Green finance, or the issuance of green bonds, has gained strong momentum around the world. Some Asian countries such as the People’s Republic of China and Japan are very active in green finance. This study reviews how green finance in Singapore is working, examines existing barriers, and suggests some solutions. Singapore, a well-established financial hub in Asia, aims to be a hub for green finance in Asia. The Monetary Authority of Singapore (MAS), the central bank of Singapore, has formed a network with seven other central banks in the world called the Central Banks and Supervisors Network for Greening Financial System, which intends to promote sharing of experience and best practices in green finance with other countries. Along with forming the network, the MAS has established a Green Bond Grant scheme to promote and ensure the issuance of green bonds in Singapore. In parallel, the Association of Banks in Singapore published Guidelines on Responsible Financing to promote and support environmental, social, and governance (ESG) disclosures. The Singapore Exchange asks its member firms to strictly comply with the ESG disclosures. At an individual firm level in Singapore, City Development Limited (CDL), a real estate development company, and Development Bank of Singapore Limited (DBS), a commercial bank, issued Singapore’s first and second green bonds in 2017. The proceeds of the CDL green bond are allocated to finance retrofitting and upgrading of a commercial building in Singapore, while the proceeds of the DBS green bond are to be invested in renewable energy and climate change adaptation, among other uses. How successful the two green bonds are in meeting their pronounced goals and how well and effectively they contribute to the diffusion of renewable energy remains to be seen.
    Citation
    Chang, Youngho. 2019. Green Fiance in Singapore: Barriers and Solutions. © Asian Development Bank Institute. http://hdl.handle.net/11540/9619.
    Keywords
    Climate
    Climate change
    Climate impacts assessment
    Global climate change
    Asian Development Bank
    Development
    Regional Economic Integration
    Financial Sector Policies
    Financial Risk Management
    Bond Financing
    Climatic change
    Climatic influence
    Climatology
    Investment bank
    Investment policy
    Capital Market
    Regional Plans
    Regional Development Bank
    Development finance
    Municipal Bonds
    City planning
    Urban climatology
    Bank investment
    Capital investment
    Investment banking
    Venture capital
    Local government bonds
    Bonds
    Catastrophe bonds
    Bond funds
    Bond market
    Multilateral development banks
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9619
    Metadata
    Show full item record
    Thumbnail
    adbi-wp915.pdf (291.7Kb)
    Author
    Chang, Youngho
    Theme
    Climate
    Finance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise