From Apple to New York's Metropolitan Transit Authority, dozens of corporations and public agencies have issued green bonds, yet none answers to a global standard.
March 14, 2021
The Straits Times illustration.
Adam Lee
One of the more novel aspects of Budget 2021 was the announcement of green bonds, an eco-friendly type of financial instrument.
The green bonds aim not only to help the government finance green infrastructure, but also have the goal of turning Singapore into a green finance hub.
So what exactly is this new type of bond? And can you buy them like Singapore Savings Bonds? Here are 4 burning questions we have.
1. Why are green bonds suddenly a “thing” now?
In recent years, the government seems to have gone from being non-fans of plastic bag charges to talking about turning Singapore into a leader in sustainability.