The world is going in a greener direction and the architecture industry is following suit.
In Singapore, the government is working on making capital more accessible for firms that are developing projects with “positive environmental impact” as its goal.
It is providing 70 percent risk-share for loans made by participating financial institutions to local firms, according to Enterprise Singapore.
The Enterprise Financing Scheme-Green (EFSGreen) will be supported by partner financial institutions, such as DBS, HSBC, OCBC and UOB.
The EFSGreen covers those developing green infrastructure, along with project developers for clean energy, circular economy and clean transportation.
It is open for applications from now till 31 Mar 2024.
“Demand for green solutions is set to grow globally as countries and industries strive to set practices and targets to control the adverse impact that emissions have on global warming,” says Png Cheong Boon, the CEO of Enterprise Singapore.
“EFSGreen is meant to enable green technology innovators in Singapore to have easier access to green financing, in order to create ever-evolving, ever-improving solutions
“These enterprises are pushing new boundaries and bearing additional risks in enabling technologies for the transition towards a green economy.
“This in turn will help other enterprises adopt green solutions and capture opportunities globally.”
Across the border, Malaysia’s CIMB Group Holdings has committed to a RM30 billion ($7.16 billion) target for its sustainable finance offerings by 2024.
This story is from the Issue 123 edition of d+a.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Issue 123 edition of d+a.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
In Harmony With Nature
Palace Hotel Tokyo’s Art Collection opens a window to the world of Japanese art based on the concept of inheriting tradition but with an innovative spirit.
Timeless Elegance
Italian architect, designer, and art director Pierro Lissoni’s vision for B&B Italia is characterised by his personal design sensibilities.
Revitalising Communities Through Eco-Tourism
How can design contribute to environmental conservation and create sustainable communities? This is a question explored by Chat Architects, an architectural firm based in Chonburi province in Thailand.
art meets minimalism
Jay Osgerby, co-founder of Barber Osgerby, shares how AXOR One Collection is set to change the future of bathroom design.
enduring legacy
Vipp's CEO Morten Woldum tells us about the Danish company's pursuit of long-lasting quality and meticulous designs
seasonal expressions
Vibrant colours of the season are depicted in the striking ceiling installation at the newly refurbished Le Du in Bangkok.
preserving lanna heritage for future generation
The new InterContinental Chiang Mai The Mae Ping's updated design pays homage to Northern Thailand's Lanna culture.
blank canvas
A family home’s white backdrop frames the tranquillity and greenery of Half Moon Island Wetland Park in Foshan, China.
three of a kind
This multigenerational residence brings its occupants together while allowing them to maintain their individual lifestyles.
ichll of discovery
Formzero's Borderless House blurs the boundaries of conventional living, distilling serenity sublimity and surprise in a gardened and Miesian-inspired abode.