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 over the next three years. The programme is a collaboration under MAS’ Project Greenprint and seeks to use climate fintech solutions to bolster financial sector access to accurate and granular climate-related data. This will allow for more efficient deployment of capital towards green and sustainable projects. 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. 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.
The programme also aims to empower 10,000 multinational corporations and small and medium-sized enterprises to set, track and achieve their sustainability targets. Shortlisted participants will benefit from mentorship from Google Cloud and funding to further develop their solutions. Participants can also 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.