In a speech at the Financing Asia’s Transition Conference, the Monetary Authority of Singapore set out its current sustainability finance agenda across three areas: scaling blended finance through the Financing Asia’s Transition Partnership, strengthening market frameworks, and expanding financing for carbon markets, adaptation and resilience. The speech combined new announcements with progress updates rather than a new rule package. Within FAST-P, the Green Investments Partnership reached a second close, taking total commitments to US$800 million, and has committed US$128 million to four sustainable infrastructure investments in Southeast Asia. The Industrial Transformation Programme added British International Investment and the Japan International Cooperation Agency as initial partners, while the Asian Development Bank plans to participate subject to internal approvals. The Energy Transition Acceleration Finance partnership added Private Infrastructure Development Group and DBS to its displacement sleeve. MAS also formed a FAST-P International Advisory Board chaired by Climate Ambassador Ravi Menon. On carbon markets, MAS said the Financial Sector Carbon Market Grant launched in October 2025 has seen interest from financial institutions and that first awards are expected later in 2026. MAS and the Singapore Sustainable Finance Association have begun reviewing the Singapore Asia-Taxonomy for sectors including energy, maritime and data centres. The review will consider technological developments, updated scientific data and implementation challenges, and may expand transition definitions to cover enabling activities such as manufacturing components for green hydrogen. Completion is targeted by end-2026. On resilience finance, Singapore is working with ASEAN+3 partners to expand SEADRIF toward public infrastructure and agricultural risks, while MAS has broadened its Insurance-Linked Securities grant scheme, which supported Asian Development Bank catastrophe bonds for Kyrgyzstan and Tajikistan. The SSFA has also launched an industry workstream to develop guidance and financing solutions for adaptation and resilience.
Monetary Authority of Singapore2026-05-20
Monetary Authority of Singapore announces FAST-P milestones including US$800 million GIP close and Singapore Asia-Taxonomy review
The Monetary Authority of Singapore outlined its sustainable finance agenda across blended finance under the Financing Asia’s Transition Partnership, market frameworks, and financing for carbon markets, adaptation and resilience. MAS reported expanded partnerships and an International Advisory Board under FAST-P, an ongoing review of the Singapore Asia-Taxonomy with the Singapore Sustainable Finance Association, and initiatives to grow carbon market financing, catastrophe risk solutions and adaptation and resilience guidance with regional and industry partners.