The Singapore government is exploring with private financial institutions to set up a blended finance vehicle to fund climate adaptation projects in South-east Asia, said Singapore’s ambassador for climate action Ravi Menon on Wednesday (July 22). It will be similar to an existing blended finance initiative under the Monetary Authority of Singapore, known as the Financing Asia’s Transition Partnership (Fast-P), that is looking to raise US$5 billion through a mix of private, public and philanthropic capital to finance energy transition projects. Climate adaptation – which refers to measures aimed at helping society prepare better for, and reduce vulnerabilities to, climate impacts – has generally received less attention and funding compared with measures aimed at reducing greenhouse gas emissions, which are under the broad pillar of climate mitigation.   https://www.businesstimes.com.sg/esg/singapore-working-banks-blended-finance-vehicle-climate-adaptation (ICE SINGAPORE)

Fonte notizia: The Business Times, 23 July 2026