Green and Transition Solutions: Financing Asia’s Transition Partnerships

FAST-P is a blended finance initiative in collaboration with key public, private and philanthropic sector partners including multilateral development banks, sovereign partners, philanthropic organisations and financial institutions. It aims to mobilise up to US$5 billion to de-risk and finance transition and marginally bankable green projects to support Asia’s decarbonisation, narrow the financing gap through the mainstreaming of blended finance and reinforce economic growth and climate resilience in Asia.

Under FAST-P, MAS has partnerships which target impactful areas of green and transition investments in Asia. This includes the Energy Transition Acceleration Finance (ETAF), which aims to invest in transition projects such as the managed phase-out of coal, renewable energy replacement, and grid development projects, and the Green Investments Partnership (GIP) which invests in marginally bankable sustainable projects in the renewable energy, electric mobility, water and waste, and circular economy sectors.

MAS signed MOUs with the Asian Development Bank and the Global Energy Alliance for People and Planet for the ETAF, and with Allied Climate Partners, IFC and Temasek on the GIP.

Accelerating transition and green projects.