Green and Transition Solutions: Grant Schemes

Sustainable Bond Grant Scheme and Sustainable Loan Grant Scheme

These schemes support the issuance and uptake of sustainable bonds and loans by defraying the additional costs of engaging independent service providers to validate the sustainability credentials of the bond/loan.

In 2023, MAS enhanced the schemes to include transition bonds and loans, with safeguards in place to mitigate the risk of “transition-washing” and ensure alignment with internationally recognised taxonomy and transition finance principles.

Asia Climate Solutions Design Grant

In partnership with the private sector and philanthropic foundations, MAS continues to develop the use of blended finance for climate action.

To unlock a pipeline of blended finance solutions in Asia, Convergence launched the S$5 million Asia Climate Solutions Design Grant in June 2023 with contribution from the MAS. There are ambitions to grow the grant funding programme to explore technical assistance support for blended finance solutions.