![]() ![]() We see the Point Carbon Zero Program as a key enabler for bridging ESG fintech, finance, and real economy businesses through a shared data and innovation platform,” commented Dr. “The effective employment of technology allows us to greatly enhance the quality, availability, and comparability of the ESG data needed to facilitate these financial flows, to accelerate our transition to a low carbon economy. Darian McBain, Chief Sustainability Officer, MAS, Singapore’s financial and fintech sectors can play a pivotal role in the efficient channeling of private capital toward sustainable projects and businesses focusing on their long-term sustainability impact. With the solutions deployed on Google Cloud’s newly-established open-source cloud platform dedicated to climate finance, the platform will enable fintech to collaborate with financial institutions to build, host, and scale climate fintech solutions, using Google Cloud’s carbon-neutral infrastructure and data management capabilities.įor Dr. This is in keeping with MAS’ goal of facilitating trusted and efficient flows of high-quality sustainability data, to support financial institutions’ sustainable finance and investment decisions. Facilitate data sharing – New climate-related datasets generated by these solutions can be made available to Project Greenprint’s partners, subject to data owners’ consent.Manage own carbon footprint – Participants can access Google Cloud’s Carbon Sense suite, 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 firm’s efforts to reduce these. Access to data – Participants can leverage the aggregated climate disclosure, environmental and public utility data that Project Greenprint aims to collect, and over 200 public datasets spanning different sectors that are hosted by Google Cloud.Mentorship and funding – Shortlisted participants will benefit from mentorship from Google Cloud and funding to further develop their solutions. ![]() ![]() The program also aims to empower 10,000 multinational corporations and small and medium-sized enterprises to set, track and achieve their sustainability targets. 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.įrom this, 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. To support this, Google Cloud will launch the 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.Īs climate fintech currently remains a relatively nascent sub-segment, the program aims to catalyze the expected growth of climate fintech solutions in Asia over the next three years. A collaboration program under MAS’ Project Greenprint, the Point Zero Carbon Program 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. ![]()
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