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Singapore faces tough challenges in green financial hub ambitions
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Singapore was ranked 4th in the latest Global Financial Centres Index, but only 16th on the Global Green Finance Index.
ST PHOTO: LIM YAOHUI
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SINGAPORE - As the world economy gradually gets rewired for net-zero carbon targets, global financial centres such as Singapore face a formidable challenge to carve out a similar niche in the green future.
Attracting new listings of green bonds in the local capital market is important but will not be enough for Singapore to become a leading hub for sustainable finance.
