Singapore commits up to $500 million funding to support decarbonisation in Asia

The government of Singapore has committed up to $500 million in concessional funding to support the local central bank’s initiative to help fund Asia-focused climate projects, a senior official said at a conference on Tuesday.

The initiative, called “Financing Asia’s Transition Partnership”, which uses a combination of public and private sector funding, was launched in 2023.

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Mrigank Dhaniwala)