Ecosperity is one of Singapore investment company Temasek's key platforms for engaging on sustainable development topics. Its annual sustainability event, Ecosperity Week, gathers global business leaders, policy-makers, investors and civil society to address what is needed to bring about transformational breakthroughs for our planet, businesses and communities.
Southeast Asia’s largest economy is currently pursuing a 2060 target for emissions neutrality, but has been struggling to receive favourable funding terms from foreign financiers to phase out coal power.
Novel ideas will need to be proven safe before use, while roadblocks need to be cleared for existing solutions like wind and solar power to scale faster, according to speakers at sustainability conference Ecosperity Week.
More Asian sovereign issuers are lining up green bonds to address post-pandemic financing gaps. Singapore is gearing up for its first green note launch in the coming months, to tap markets for as much as S$35 billion in environment-focused financing by 2030.