COP29: Singapore pledges US$500m to accelerate capital flows into green projects

Singapore has pledged to match every dollar up to US$500 million (S$670 million) for green and transition projects in Asia, as part of the nation’s commitment to provide climate financing solutions in the region. Sustainability and Environment Minister Grace Fu made the announcement on Tuesday (Nov 12) at the United Nations (UN) Conference of the Parties (COP29) in Azerbaijan’s capital Baku. The Economic Development Board (EDB) launched a new grant that will give Singapore-based carbon project developers greater access to funding and support. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia