Lanturn Logo

Corporate Services

LCS Platform

Incorporation

Corporate Secretary

Accounting

Immigration & Visas

KYC & AML

Tax

Trademark Registration

Payroll

Launch with Lanturn

Fund Services

LCS Platform

Fund Formation

Fund Administration

KYC & AML

MAS Licensing

Resources

Blog

Webinars

Guides & Ebooks

Case Studies

Contact Us

Country:

The Lanturn Blog

Carefully curated and thoughtfully written content for businesses of any size.

FUND MANAGEMENT

MAS Launches 5M SGD Asia Climate Solutions Design Grant

November 2022

The Lanturn Team

To help fund sustainability projects and help get closer to net-zero carbon emissions by 2050, the Monetary Authority of Singapore (MAS) is putting 5 Million SGD seed capital into the Asia Climate Solutions Design Grant. This announcement was made during the inaugural Transition Finance Towards Net Zero (TFNZ) conference on October 4, 2022.

The TFNZ conference focused on the theme of scaling “blended finance”, which involves the use of concessional and catalytic capital to draw in private capital at commercial rates for financing projects with sustainable outcomes.

What is blended finance? According to the Organisation for Economic Co-operation and Development (OECD), blended finance is defined as the “strategic use of development finance for the mobilisation of additional finance towards sustainable development in developing countries.” It attracts commercial capital to sustainability projects while providing investors with financial returns.

With blended finance, resources could be available to developing countries and give them access to funds and tools to help build sustainable solutions to modern problems. It also helps them build funds for their government’s Official Development Assistance (ODA) and support the continuing implementation of the Paris Agreement.

According to reports, the grant will be hosted by a global network for blended finance called Convergence. It will provide early-stage grant funding for different studies on innovative and scalable blended finance solutions.

The grant hopes to fund various studies, including:

  • Early-stage climate adaptation and mitigation technology.

  • Clean energy access.

  • Sustainable transport.

  • Sustainable agriculture.

  • Other nature-based solutions.

The 5 million SGD grant will also be used to mobilise capital into high-impact sectors under-capitalised in Asia.

During the event, Managing Director of MAS Ravi Menon shared that there are too few and too small blended finance programmes available. He says, "We need a more systematic and coordinated approach to mainstream blended finance.” To do this, Menon suggests a pipeline of transition projects that would appeal to the private sector.

Convergence CEO Joan Larrea said, “We want to actively promote the creation of more blended finance solutions and are excited to see concrete efforts to grow the blended finance ecosystem in this region.”

Are you a fund manager or investor who needs more information or assistance about the 5M SGD Asia Climate Solutions Design Grant or any other investment grants from the Singapore government? Talk to us at Lanturn.

Start the journey

Speak with one of our experts to explore a tailored solution for your business

Prefer us to email you?

Leave us your contact we we will be in touch.

All fields are mandatory

Is your company/fund already based or going to be based in Singapore?

Lanturn Logo

Terms & Conditions

Privacy Policy

ACRA UEN : 201722435H | ACRA Filing Agent : FA20180066. GST Registration Number: 201722435H Employment Agency License : 19S961 © 2022 Lanturn Pte Ltd. 160 Robinson Road #24-09, S0689142

Resources

Blog

Webinars

Guides & Ebooks