International Cooperation for Sustainable Finance
2nd China-Singapore Green Finance Taskforce meeting
20 May 2024
MAS and the People’s Bank of China discussed initiatives to advance bilateral cooperation in green and transition finance at the 2nd China-Singapore Green Finance Taskforce meeting held on 20 May 2024. The initiatives covered the alignment of taxonomies, the facilitation of green finance flows, and the development of a decarbonisation rating platform.
Allied Climate Partners Breakfast Roundtable
24 September 2024
At the Allied Climate Partners Breakfast Roundtable, Assistant Managing Director (Development & International) and Chief Sustainability Officer of MAS, Ms Gillian Tan, spoke on the future of blended finance and how this will require a focus on operating platforms, optionality for capital contributors and users, and ownership by public, private and philanthropic players.
New York Climate Week MAS-World Bank event
26 September 2024
At the New York Climate Week MAS-World Bank event, Assistant Managing Director (Development & International) and Chief Sustainability Officer of MAS, Ms Gillian Tan, spoke about the key components in a market-based approach to coal transition.
Multi-Jurisdiction Common Ground Taxonomy (M-CGT) to enhance interoperability of taxonomies across EU, China and Singapore
14 November 2024
The International Platform on Sustainable Finance (IPSF) presented at COP29 the M-CGT, a comparison of the sustainable finance taxonomies of China, the EU and Singapore. Developed by the People’s Bank of China (PBOC), the European Union Directorate-General for Financial Stability, Financial Services and Capital Markets Union (FISMA) and MAS, the M-CGT enables financial institutions, corporates and investors to identify and assess activities within the scope of M-CGT that could be classified as green activities in China, the EU and Singapore. This, in turn, allows issuers or fund managers in these jurisdictions to offer green bonds or green funds which align with the M-CGT criteria to be distributed across the respective M-CGT markets.
COP29 Singapore Pavilion, Finance Day
14 November 2024
At the COP29 Singapore Pavilion on Finance Day, Deputy Managing Director (Markets & Development) of MAS, Mr Leong Sing Chiong, shared updates on how MAS is accelerating the energy transition through innovative solutions in blended finance and carbon markets, and by putting in place enablers to strengthen financing flows across borders and segments of the economy.