At the conference, the MAS injected seed capital into an Asia Climate Solutions Design Grant hosted by Convergence Blended Finance. This will provide early-stage grant funding for proof of concept and feasibility studies on innovative and scalable blended finance solutions to fund sustainability projects. It will also mobilise capital into high impact sectors that are significantly under-capitalised in Asia such as early-stage climate adaptation and mitigation technology, as well as access to clean energy.
The Monetary Authority of Singapore (MAS), with knowledge partners McKinsey & Company and Convergence Blended Finance and supported by the Glasgow Financial Alliance for Net Zero (GFANZ), hosted the inaugural Transition Finance Towards Net Zero (TFNZ) conference on Oct 4.
The conference is said to provide a platform to galvanise key public and private sector stakeholders to mobilise capital to help economies and corporates decarbonise.
