Held on Day 2 of Ecosperity Week 2025, the FAST Conference spotlighted financial strategies and regional cooperation crucial for Asia’s low-carbon transition

The Financing Asia’s Transition (FAST) Conference 2025, jointly organised by BlackRock, the Monetary Authority of Singapore (MAS), and Temasek, took place during Day 2 of Ecosperity Week 2025 in Singapore. The event brought together key leaders and stakeholders to discuss the financial infrastructure, governance, and collaboration needed to enable a just and sustainable green transition across Asia.

MAS Managing Director Chia Der Jiun reaffirmed Singapore’s leadership in sustainable finance by highlighting initiatives such as the Singapore-Asia Taxonomy (SAT) and the FAST Partnership (FAST-P). He also announced the launch of a new FAST-P office, which will manage up to US$500 million in concessional capital, with potential for co-investment.

Malaysia’s Minister of Natural Resources and Environmental Sustainability, Nik Nazmi Nik Ahmad, identified the green transition as an economic opportunity that can drive innovation and employment. As ASEAN Chair in 2025, Malaysia aims to prioritise the ASEAN Power Grid to provide clean and scalable energy across the region.

Insights from the Singapore Sustainable Finance Association’s Director, Kavitha Menon, outlined the “4 D’s” strategy to accelerate Asia’s green transition: Developing policy and institutional capacity, Deepening domestic capital, Driving demand through financial innovation, and De-risking projects. Meanwhile, Linda-Eling Lee of the MSCI Sustainability Institute highlighted the commercial potential of investing in climate adaptation and resilience, citing data from a new report by BCG and Temasek.

The conference concluded with calls from Temasek’s Chief Sustainability Officer, Kyung-Ah Park, and Brazil’s COP30 representative, Bruna Cerqueira, urging stakeholders to move from negotiation to implementation. They stressed the importance of scaling proven models and reforming financial systems to unlock up to US$1.3 trillion by 2035.

Source: Ecosperity