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Sovereign blue bonds are often framed as innovation, but the challenge lies in how they are structured and brought to market. This teaching case examines Indonesia’s blue bond issuance through the lens of market entry, instrument design, and alignment with broader financing strategies. Set against rising ocean-related risks and growing investor focus on sustainable finance, …

Indonesia’s Blue Bonds: Diving into New Waters Read More »

Sustainable business opportunities are growing in Indonesia as consumer awareness and demand for environmentally responsible products continue to increase. In the article, Associate Professor Zhang Weina (Department of Finance) shared how sustainability is no longer a niche area but a core business competency, as companies increasingly seek leaders who can integrate financial, environmental and social …

Exploring the potential and opportunities of sustainable business Read More »

Demand for green skills is rising as sustainability becomes a core business priority. In a virtual media roundtable, Associate Professor Zhang Weina (Department of Finance) said companies are increasingly seeking leaders who can integrate financial, environmental and social considerations, making sustainability a critical competency rather than a niche skill. She noted that enrolment in sustainability-related …

Demand for Green Skills Is Rising — Explore the Job Prospects Read More »

Professor Johan Sulaeman highlights the potential of geological carbon credits (GCCs) as a critical enabler of aviation’s decarbonisation pathway. As a hard-to-abate sector, aviation will continue to face persistent residual emissions, even as sustainable aviation fuel (SAF) scales over time. GCCs offer a high-integrity solution to neutralise these emissions through permanent carbon storage, aligning with …

War-driven oil shocks expose aviation’s decarbonisation challenge Read More »

Natural resource governance often involves complex trade-offs between regulation, enforcement, and long-term development goals. A recent op-ed by Professor Johan Sulaeman in The Jakarta Post reflects on a case where mining permits were revoked while operations continued, highlighting the challenges that can arise between policy decisions and their implementation on the ground. The article illustrates …

The Complex Trade-Offs Involved in Natural Resource Governance Read More »

Singapore’s carbon tax debate is less about missed forecasts and more about design realities. As highlighted by Professor Johan Sulaeman, the oft-cited S$1 billion revenue was never official, raising a more important question: why are actual projections structurally lower? Transitional allowances and the use of international carbon credits are softening the effective carbon price, particularly …

The $1B Question: Why Singapore’s Carbon Tax Revenues Fall Short of Expectations Read More »

Associate Professor Zhang Weina (Department of Finance, Deputy Director of SGFIN) shared her insights in this interview by CNBC on sustainable aviation fuel (SAF). She explained that while SAF mandates set demand and SAF levies focus on costs. She noted that the mandates will push up the SAF prices in the short run due to …

Why airlines are paying more for cleaner fuel — and who foots the bill Read More »

Research presented at the SGFIN Summit 2026 and recently featured in The Business Times highlights how banks operating in Indonesia, including Singapore banks and other regional banks, could face a higher loss intensity from climate-related exposures in Indonesian loan portfolios, particularly in fossil-intensive sectors. The findings underscore the growing importance of granular data and forward-looking …

Climate risk is increasingly a cross-border financial risk Read More »

Indonesia’s recent US$80B market volatility is a wake‑up call: climate and nature risks are now financial risks. As highlighted in Professor Johan Sulaeman’s new Op‑Ed, “Market volatility highlights Indonesia’s overlooked climate and resource risks”, SGFIN research shows that physical climate hazards and fossil‑intensive exposures can sharply amplify credit losses, making environmental resilience a core pillar …

Markets are Pricing Climate Risk Read More »

Decarbonising Southeast Asia’s aviation sector will not be achieved through a single solution. As Professor Johan Sulaeman highlights, Singapore’s sustainable aviation fuel (SAF) levy is an important step in signalling commitment and establishing baseline demand for SAF in the region. The recent delay in its implementation further underscores the practical challenges of scaling SAF in …

Why a Multi-Pathway Approach is Key to Southeast Asia’s Aviation Decarbonisation Read More »