Singapore
MAS launches coalition; announces pilots to develop transition credits for early retirement of Asia’s coal plants
The Monetary Authority of Singapore (MAS) has on Tuesday announced the launch of the Transition Credits Coalition (TRACTION) and two pilot projects to test the use of high-integrity transition credits in transactions for the early retirement of coal-fired power plants (CFPPs).
ADB, GEAPP and MAS to establish $2B blended finance fund for energy transition in Asia
The Asian Development Bank (ADB), Global Energy Alliance for People and Planet (GEAPP) and the Monetary Authority of Singapore (MAS) have on Tuesday announced their intent to establish a $2 billion blended finance partnership to accelerate energy transition at scale in Asia.
Singapore’s Circulate Capital announces final close of $73M climate tech fund
Circulate Capital, a Singapore-based environmental impact investor advancing the circular economy for plastics in high-growth markets, announced Tuesday the final close of the Circulate Capital Ocean Fund I-B (CCOF I-B), bringing the fund’s total asset under management (AUM) to $73 million and the firm’s total AUM to $255 million.
Climate tech venture builder Wavemaker Impact closes first fund at $60M
Wavemaker Impact (WMI), a Southeast Asia’s climate tech venture builder, has announced the final close of its debut fund dedicated to driving large-scale decarbonization efforts in the region. The first fund hit its $60 million hard cap, surpassing its initial $25 million target by 2.5 times.
ACP, IFC, MAS and Temasek establish green investments partnership in Asia
Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS) and Temasek announced today the intent to establish a green investments partnership to address climate finance gaps and increase the bankability of green and sustainable projects in Asia, with an initial focus on Southeast Asia.
MAS launches world’s first multi-sector transition taxonomy
The Monetary Authority of Singapore (MAS) has on Monday launched the Singapore-Asia Taxonomy for Sustainable Finance (Singapore-Asia Taxonomy) – which sets out detailed thresholds and criteria for defining green and transition activities that contribute to climate change mitigation across eight focus sectors.
Singapore’s Igloo closes $36M Pre-Series C fundraise with 50 percent valuation increase
Singapore-based insurtech Igloo has on Monday announced that it has closed a $36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment.
Singapore’s FENIX360 goes public in UK via $610M spac deal with Duet
Singapore-based Fenix 360 Pte Ltd. (FENIX360) will go public through merger With DUET Acquisition Corp. to create a global social media platform. The transaction values FENIX360 at a $610 million enterprise value.
LeapFrog, Temasek, EIB join forces to deliver $500 million pledge for green solutions
LeapFrog Investments, the profit with purpose firm based in United Kingdom, has announced investment from Temasek and support from the European Investment Bank for its strategy to deploy $500 million to address climate change in Africa and emerging Asia.
DBS provides KWAP green loan to expand sustainability footprint in Australia
Development Bank of Singapore (DBS) has provided an AUD 207 million ($137 million) green loan to Malaysia's largest pension fund Retirement Fund (Incorporated) (KWAP) to refinance a Grade A green office tower in Australia.
