(9 June 2022 – Singapore) Singapore has released an outline for its first sovereign green bond with the publication of the Singapore Green Bond Framework.
The move opens up the market for the city state’s first sovereign green bond to be issued in 3Q 2022. Singapore is actively exploring the use of green bonds for climate change adaptation including coastal protection.
“As a low-lying island city-state with one-third of our land less than 5m above sea level, Singapore must adapt to rising sea levels. We are hard at work in developing options to protect our coastline, combining engineering solutions with nature-based elements, such as the planting of mangroves and seagrasses” commented Minister in the Prime Minister's Office Indranee Rajah.