Singapore is a regional finance leader and has taken progressive steps towards building a leadership position in sustainable and climate financing in recent years.

A report from Boston Consulting Group (BCG) and the Global Finance Markets Association (GFMA), titled “Climate Finance Markets and the Real Economy”, describes a significant US$3 trillion ($4 trillion) to US$5 trillion annual financing need and opportunity for financial institutions and in the coming years.

The report features proprietary analysis of the climate finance market and 10 economic sectors that account for 75% of global greenhouse gas (GHG) emissions. Commissioned and produced in collaboration with 13 global banking and capital markets firms, the report is based on interviews with more than 100 market participants from a range of corporate sectors, banks, asset owners and managers, multilateral organisations, financial regulators, and other key market enablers.

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