Singapore's Monetary Authority of Singapore (MAS) is pushing a pragmatic phase of climate finance, focusing on market infrastructure and regulatory certainty to attract private capital into Asia's low-carbon transition. The regulator's Sustainability Report 2025/26 outlines guidelines for banks and asset managers on transition planning and risk management, aiming to improve investor confidence. MAS is also scaling up its Financing Asia's Transition Partnership (Fast-P), with the Green Investments Partnership reaching US$800 million. On carbon markets, it is advancing transition credits for coal plant retirement and launching a grant for financial institutions to build carbon market expertise. The regulator is reviewing the Singapore-Asia Taxonomy to cover energy, maritime, and data centres, and pushing for more climate adaptation finance as physical risks grow.
