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Home / News / Singapore Fintech Festival 2019

Singapore aims to be Asian centre for green financing: Ong Ye Kung

Singapore Fintech Festival 2019

Singapore aims to be Asian centre for green financing: Ong Ye Kung

Jeffrey Tan Published on Mon, Nov 11, 2019 / 3:00 PM GMT+8

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SINGAPORE (Nov 11): Amid increasing awareness of climate change and its consequences, Singapore aims to become a leading centre of green finance in Asia, says Education Minister Ong Ye Kung.

Ong, who is also a board member of the Monetary Authority of Singapore, notes that the annual average worldwide cost of natural disasters amounted to about US$140 billion ($190 billion) over the last 30 years.

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