On 12 November 2025, the Monetary Authority of Singapore set out its climate finance priorities at the COP30 Singapore Pavilion during Finance Day. The opening speech by Managing Director Chia Der Jiun titled “From Pledges to Projects: The Role of Credible Financing Solutions, Capabilities, and Capital” stating the need to convert global climate pledges into investable projects. The speech elaborated on recent milestones under the United Nations climate process, including the operationalisation of Article 6.4 and the agreement on a new collective goal to mobilise at least three hundred billion dollars annually by 2035. The address focused on a three part framework centred on credible solutions, sector capabilities and capital mobilisation. MAS outlined progress on transition credits, carbon market capacity building and blended finance programmes under the Financing Asia’s Transition Partnership.
MAS is Developing a credible financing solutions
MAS launched the Transition Credits Coalition at COP28. The final report will be released at COP30. The report builds feedback from members and experts and sets out insights, frameworks and solutions for high integrity transition credit projects. It identifies Asia’s potential to generate such credits and includes risk mitigation tools. Verra introduced the first transition credit methodology in May. MAS has launched a statement of support that has attracted at least twenty organisations including the Government of Singapore.
Building capabilities for carbon markets
In MAS views financial institutions are key enablers in carbon markets. Institutions can aggregate demand, manage risk and contribute to market evolution. MAS has launched the Financial Sector Carbon Market Development Grant to support capability building and development of credit solutions.
Mobilising capital through blended finance
MAS is demonstrating capital mobilisation through the Financing Asia’s Transition Partnership. The partnership includes the Energy Transition Acceleration Finance, Green Investment Partnership and Industrial Transformation Programme. Singapore has pledged five hundred million dollars of concessional capital. An international advisory board chaired by Ravi Menon will provide strategic insight. The Green Investment Partnership has achieved its first close at five hundred and ten million dollars and has begun deploying capital across renewable energy, storage, electric vehicles and water and waste projects. Work continues towards first close of the next partnership.
