Speaking at the launch of the COP30 Singapore Pavilion on Nov 10, Menon and other finance professionals shed light on how the blended finance initiative has been structured to attract both concessional and commercial capital.
Why is the Singapore government allocating up to US$500 million ($650.63 million) to its blended finance platform that will invest in solutions across the region? Further, is it realistic that this grant can grow up to 10 times larger with funding from other contributors?
At COP30 in Belém, Brazil, Singapore’s Ambassador for Climate Action Ravi Menon gamely answered these questions about the two-year-old Financing Asia’s Transition Partnership (Fast-P).
