In his keynote speech at the launch of the inaugural Singapore Pavilion at the 2022 United Nations Climate Change Conference 27th Conference of the Parties (COP27), Menon highlighted blended finance.
The transition to net zero will require us to transform how we live and work. As a densely populated metropolis in the tropics, Singapore is a living lab to develop testbeds and commercialise green solutions for urban living, says Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
Citing McKinsey, Menon says achieving net zero in Asia by 2050 will require about US$3.1 trillion ($4.36 trillion) in capital every year. “As a leading global financial centre in Asia, Singapore can play a key role in mobilising this capital.”
