In mid-August 2021, the Singapore National Environment Agency announced the establishment of its SGD 3 billion Multicurrency Medium Term Note (MTN) Programme and Green Bond Framework. The programs are expected to help finance sustainable infrastructure development projects and help develop green finance solutions and markets, supporting Singapore’s bid to be a leading center for green finance globally.
Projects that are set to benefit from the MTN Program include the Tuas Nexus Integrated Waste Management Facility (IWMF), NEA’s flagship waste management project, which is an integral part of NEA’s long-term plan to meet Singapore’s solid waste management needs. It will be able to treat incinerable waste, dewatered sludge and source-segregated food waste, as well as sort household recyclables, allowing it to process multiple waste streams for higher resource and energy recovery while reducing its environmental and land-use footprint.
Similarly, the Green Bond Framework would allow proceeds obtained to finance or refinance new or existing Green Projects that meet various eligibility criteria. This includes projects that look to provide environmental benefits, such as pollution prevention and control, energy/emission-efficient energy recovery, resource recovery, minimization of environmental impact and landfill, and optimal land use.