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

Jeffrey Tan
Jeffrey Tan11/11/2019 3:0 PM GMT+08  • 2 min read
Singapore aims to be Asian centre for green financing: Ong Ye Kung
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.
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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.

But, in seven out of the last 10 years, the figure has exceeded the annual average.

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