SINGAPORE (Nov 11): The Monetary Authority of Singapore (MAS) is setting up a US$2 billion ($2.7 billion) green investments programme (GIP) to invest in public market investment strategies that have a strong green focus.
According to MAS, the project will help to support the Singapore financial centre in promoting environmentally sustainable projects and mitigating climate change risks in Singapore and the region.
Under the GIP, MAS will place funds with asset managers who are committed to drive regional green efforts out of Singapore and contribute to MAS’ other green finance initiatives including developing green markets and managing environmental risks.
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