The impending Singapore Mercantile Exchange (SMX) will provide an electronic trading platform for futures and options trading on a diversified range of commodities including energy, metals, agricultural commodities, currencies, commodity indices and carbon credits.
Singapore is also planning to provide financing and development services for CO2-reduction projects and wants to be regarded as a test bed for companies interested in emerging technologies such as smart grids and green buildings.
The Government is setting aside S$700 million to build skills and capability in research and development in clean tech areas like clean energy, environmental and water technologies.
Source: Business Green
