Developing a Vibrant Green Finance Ecosystem
Financing Asia’s Transition Partnership (FAST-P) Initiatives
8 September 2025 and 20 May 2026
Green Investments Partnership (GIP), a blended finance partnership under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative, achieved its first close with US$510 million of committed capital and has committed US$128 million to sustainable infrastructure projects. GIP will support investments in renewable energy and storage, electric vehicle infrastructure, sustainable transport, water and waste management and other sectors critical to Southeast and South Asia’s energy transition. Pentagreen Capital, the sustainable infrastructure debt financing platform established by HSBC and Temasek, serves as the fund manager for GIP.
- MAS media release, published 8 September 2025, on the first close of GIP
- Opening Address by Mr Chee Hong Tat, Minister for National Development, and Deputy Chairman of the Monetary Authority of Singapore, "Financing Asia’s Transition - From Risk to Readiness: Preparing for a Climate-Resilient Future", delivered on 20 May 2026 at the Financing Asia’s Transition Conference
Energy Transition Credits
10 November 2025 and 12 November 2025
MAS released key insights from the Transition Credits Coalition (TRACTION) Final Report, and published a Statement of Support for Energy Transition Credits. The Final Report marked the completion of TRACTION’s mandate, with the next phase focusing on translating TRACTION’s foundational work into concrete projects and transactions, led by key partners across governments, financial institutions and development partners in different markets.
Key findings from the Report include:
- Asia holds substantial potential for generating high-integrity energy transition credits, but success depends on addressing region-specific needs and ensuring energy reliability, access and affordability.
- Scalability needs to be underpinned by predictable carbon revenues and robust risk-mitigation solutions.
- A Just Transition is central to the credibility and long-term viability of early coal phaseout transactions in Asia.
- Demand momentum for energy transition credits is growing, supported by structured participation pathways that help prospective buyers engage with confidence.
In parallel to TRACTION, MAS published a Statement of Support for Energy Transition Credits ("Statement") from private and public sector entities. This Statement demonstrated their interest to support the development and application of energy transition credits by participating in project transactions through offtake, financing or underwriting arrangements.
Launch of New Financial Sector Carbon Market Development Grant
28 October 2025
The National Climate Change Secretariat (NCCS), Ministry of Trade and Industry (MTI), Enterprise Singapore (EnterpriseSG) and MAS announced initiatives to support the development of high-integrity carbon markets. MAS introduced the Financial Sector Carbon Market Development Grant, and will set aside S$15 million over three years till 2028, to support the establishment or expansion of financial institutions teams engaged in carbon-project financing, trading, insurance and related services; and defray upfront costs associated with transaction structuring, financing, risk management, and trading of carbon.