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Sustainability risk analysts and other specialists will be in demand and upskilling initiatives are to come, says Singapore central bank chief Chia Der Jiun in his maiden speech at the launch of a new sustainable finance association.

While the EU Taxonomy is the "gold standard" for green finance, an equivalent for transition finance is notably absent. Market participants have welcomed the new guide from Singapore's central bank, but whether it emerges as a widely used standard remains to be seen.

The pilots now cover 1,500 projects, but questions remain over missing private capital, which projects are eligible and a lack of adaptation work.

Artist impression of Jurong Lake District

The city-state's central bank, which is pioneering the effort, says it will enhance credibility of the issuances of sustainability-linked loans (SLLs), an emerging financing instrument in the real estate sector that requires more scrutiny.

By Rhick Lars Albay

By Vanshika Lohia

By Gabrielle See

By Hannah Alcoseba Fernandez

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The sustainable development goal financing gap has widened significantly in many developing countries in the region. Coordinated multi-stakeholder regional partnerships and cooperation are needed to mobilise new resources. By Naoko Ishii

It is no exaggeration to say that the GCF’s replenishment campaign is a test of the world’s commitment to combating global warming. A successful outcome would not only help close the massive global climate financing gap, but would also allow developed countries to rebuild trust by showing that they understand the urgency of the crisis. By Mahmoud Mohieldin and Vera Songwe

Linking work on nature and climate goals to debt repayment could give indebted countries the space they need to build resilience. By Simon Zadek and Jayati Ghosh

The first auction on Malaysia’s new voluntary carbon market, the Bursa Carbon Exchange (BCX), took place on 16 March, with around RM7.7 million in carbon credits sold. By Dr Pieter E. Stek

By Rika Safrina and Imaduddin Abdullah

By Dave Sandor

By Pius Ginting and Ho Xiang Tian

UN News Centre

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