Greening the Financial System
Green Finance Action Plan
MAS announced the Green Finance Action Plan which aimed to grow Singapore as a leading centre for green finance in Asia and globally
11 November 2019
The financial sector had a key role to play in addressing the impact of environmental risk, and mobilising global capital for the green economy. New investments in green businesses, technology and infrastructure would also create jobs and opportunities in the financial sector.
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.