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COP28
Environmental, Social and Governance
Saudi energy minister won't agree to fossil fuel phase-down
He called out countries pushing for a phase-out for hypocrisy, saying that if they believed in it they should just get on with it.
December 05, 2023
Environmental, Social and Governance
MAS launches coalition, two pilots to test 'transition credits' for early retirement of coal plants
The coalition’s members include Temasek, GenZero, Citi, Standard Chartered, DBS and OCBC.
December 04, 2023
Environmental, Social and Governance
World Bank and Singapore-backed CAD Trust integrates Bhutan as its first national registry
The world’s first “carbon-neutral country” stands as a significant “carbon bank”, says CAD Trust.
December 04, 2023
Environmental, Social and Governance
CDL first to obtain OCBC's 1.5°C loan with three-year GBP200 mil sustainability-linked facility
Launched in March, the 1.5°C loan provided by OCBC incentivises corporates to set and work towards emissions reduction targets.
December 04, 2023
Environmental, Social and Governance
COP28 President's fossil fuel phase-out talk draws condemnation
Al-Jaber said on Nov 21 that “there is no science” behind the phase-out of fossil fuel to limit global temperature rise.
December 04, 2023
Environmental, Social and Governance
OCBC sustainable finance loan book hits $52 bil, breaking $50 bil target two years ahead of schedule
Group CEO Helen Wong cites “natural demand” for sustainable loans, allowing its portfolio to grow at a “much faster pace”.
December 03, 2023
Environmental, Social and Governance
Singapore announces Asia-focused blended finance initiative Fast-P with US$5 bil target fund size
To reach the US$5 billion target, MAS is reaching out to “many banks and institutional investors” to bring in commercial capital.
December 03, 2023
Environmental, Social and Governance
MAS launches Singapore-Asia Taxonomy, world's first to include 'transition' category
“Transition” refers to activities that do not meet the green thresholds now but are on a pathway or contributing to net zero.
December 03, 2023
Environmental, Social and Governance
Trade must move up global climate change agenda: WTO chief
“Free, open and predictable trade is an essential part of the tool kit for getting to net zero.”
December 03, 2023
Environmental, Social and Governance
Temasek's GenZero, an investor in South Pole, launches whitepaper addressing 'misconceptions' around carbon markets
The 30-page report explores the state of the carbon markets today and offers eight recommendations to “unlock impact”.
December 02, 2023