Amy Khor on renewable energy financing.
Funds are being re-channelled away from traditional projects to more sustainable ones, such as those involving cleaner renewables. In April this year, Singapore’s three local banks announced their decisions to cease financing of new coal-fired power plants. Senior Minister of State for the Environment and Water Resources Amy Khor said this in Parliament on Monday (Nov 4), in reply to Parliamentary questions. She said her ministry supports the financial sector in making this transition and works with the Monetary Authority of Singapore to promote the broader green financing initiative.
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4 November 2019