MAS explores need for domestic green taxonomy
Taxonomy could help steer capital towards the region’s green priorities, deputy governor says
The Monetary Authority of Singapore is assessing the potential of a green taxonomy, specifically for local banks.
Speaking on January 22, deputy governor Jacqueline Loh said there was a need for the industry to create a “common green language” to mitigate uncertainty around what products and services are deemed green.
Loh said the central bank was working with the financial sector to determine whether a taxonomy would help channel capital “more effectively to support Asia’s green and
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