MAS mulls more financing incentives in green push

Pedro Gonçalves
clock • 2 min read

The Monetary Authority of Singapore (MAS) is considering doling out more green financing incentives for financial services companies to "nudge" the real economy towards becoming more green. In greening the financial system, there are threats as certain assets anchored in the old world of heavy fossil-fuel dependency will be rendered less valuable. Climate change may physically further hurt these assets. Areas that can be promoted include green funds, loans, insurance and risk-transfer solutions. "The economy of the future has to be greener, which means the financial sector has to be g...

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