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ESG Insights

Issue 200: MAS-supported blended fund hits milestone; UN urges data centre transparency

This week in ESG: Energy Transition Acceleration Finance fund lands US$250 million first close; UN chief proposes data centre impact reporting initiative

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Kenneth Lim

Kenneth Lim

Published Fri, Jun 26, 2026 · 07:00 PM
    • While blended financing amounts have been increasing, they remain far short of what is needed to close South-east Asia’s climate investment gap.
    • While blended financing amounts have been increasing, they remain far short of what is needed to close South-east Asia’s climate investment gap. ILLUSTRATION: KENNETH LIM

    Sustainable finance

    MAS-led blended platform passes key test

    Singapore’s blended finance initiative Financing Asia’s Transition Partnership, or Fast-P, has hit another milestone with a second fund reaching a close.

    The Energy Transition Acceleration Finance (ETAF) partnership reached a US$250 million first close for its “displacement” strategy, which will support investments in grid modernisation and other energy transition infrastructure projects such as energy storage that can accelerate the displacement of fossil fuel-based power generation. ETAF also has a mandate for a “replacement” strategy, which focuses on replacing coal-fired power generation with lower-emissions power sources.

    ESG Insightssustainable financeSustainability reportingData centresenergy transitionArtificial IntelligenceESG

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