Green and Transition Solutions: Grant Schemes

The Monetary Authority of Singapore (MAS) promotes the development of innovative and credible green and transition financing solutions and markets to support the decarbonisation and transition needs of Asia.

Sustainable Bond Grant Scheme and Sustainable Loan Grant Scheme

MAS’ sustainable bond grant scheme and sustainable loan grant scheme seek to support the issuance and uptake of sustainable bonds and loans by defraying the additional costs of engaging independent service providers to validate the green and sustainability credentials of the bond/loan.

In 2023, MAS enhanced the schemes to include transition bonds and loans, with safeguards in place to mitigate the risk of “transition-washing” and ensure alignment with internationally recognised taxonomy and transition finance principles.

Asia Climate Solutions Design Grant

MAS continues to scale the use of blended finance, in partnership with the private sector and philanthropic foundations, to mobilise financing for the decarbonisation of carbon-intensive sectors.

To unlock a pipeline of innovative and scalable blended climate finance solutions in emerging Asian markets, Convergence, a global network for blended finance, launched a S$5 million Asia Climate Solutions Design Grant in June 2023 with contribution from the MAS. There are ambitions to grow the grant funding programme to explore technical assistance support for innovative blended finance solutions.