Manage own carbon footprint – Participants can access Google Cloud’s Carbon Sense suite Carbon Sense suite is Google Cloud’s collection of digital infrastructure services and tools for organisations to accurately manage their carbon emissions., which allows them to track and reduce their own carbon footprint associated with their cloud usage.Such data can be used to hone the accuracy of participants’ solutions in measuring sectoral and corporate-level carbon emissions, as well as the impact of firms’ efforts to reduce these. Access to data – Participants can leverage the aggregated climate disclosure, environmental and public utilities data that Project Greenprint aims to collect, and over 200 public datasets spanning different sectors that are hosted by Google Cloud These public datasets include census data, geographical data, weather and climate data and Google Trends data.Mentorship and funding – Shortlisted participants will benefit from mentorship from Google Cloud and funding to further develop their solutions.The Programme also aims to empower 10,000 multinational corporations and small and medium-sized enterprises to set, track and achieve their sustainability targets.Ĥ. 100 solutions will be shortlisted for further development and tested with a pool of 1,000 financial institutions on their ability to facilitate capital flows towards green and sustainable projects in Asia. As a start, FinTech firms and solution providers will be invited to submit innovative technological solutions to address a range of climate finance problem statements co-crafted by stakeholders from the financial sector and real economy. The Programme therefore aims to catalyse the expected growth of climate FinTech solutions in Asia over the next three years.ģ. Despite FinTech accounting for over 50% of all startup investments globally, climate FinTech remains a relatively nascent sub-segment See.
To support the Programme, Google Cloud will launch a world’s first open-source cloud platform dedicated to climate finance, which will facilitate the deployment of these climate FinTech solutions and their adoption by the financial sector.Ģ. and seeks to use climate FinTech solutions to bolster financial sector access to accurate and granular climate-related data, for more efficient deployment of capital towards green and sustainable projects. Please refer to MAS’ media release on Project Greenprint. It aims to harness innovation and technology to promote the green finance ecosystem, through the development of interoperable data platforms that aggregate new and existing sustainability data across multiple sectoral platforms and industry players, to empower financial institutions to mobilise capital toward sustainable projects in a more scalable way, effectively monitor their sustainability commitments, and quantify the risks and real-world impact of their portfolios. The Programme is a collaboration under MAS’ Project Greenprint Project Greenprint is a programme under the MAS Green Finance Action Plan. Singapore, 26 July 2022… The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate FinTech solutions in Asia. World’s largest festival for the FinTech community to connect, collaborate and co-createįast track intellectual property protection through various initiativesĪ collaborative AI-driven global solutions hub to foster SME digitalisationįind out how Singapore can be a leading centre for Green and Sustainable Finance Industry collaboration that explores blockchain’s usage for Central Bank Digital Currency Understand the various initiatives for technology solutions and projects in Green Finance. World’s first open architecture platform for FIs to discover FinTechs and deploy solutions Various payment initiatives including SGQR, FAST and PayNow Sandbox relaxes regulatory requirements to enable live experiments of innovation Get funding on proof-of-concepts, hiring, business development and more Latest information on MAS’ FinTech strategy, initiatives and funding schemes
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