Carbon emissions from fossil fuels hit a record high last year, and 2023 left its mark as the hottest year on record. By some estimates, more than US$3 trillion per year till 2050 is needed for Asia to achieve net-zero emissions, and this financing gap presents both a challenge and an opportunity.

Though financing is essential in addressing climate change, large-scale infrastructure investments required for transition and adaptation typically do not meet the criteria of traditional financing solutions. Innovative financing solutions will require the radical collaboration of governments, financial institutions, philanthropic actors and solution providers, to de-risk investments and crowd in capital for a green and just transition.

Jointly organised by BlackRock, the Monetary Authority of Singapore (MAS) and Temasek, the Financing Asia's Transition (FAST) Conference 2024 will convene key decision-makers across financial institutions and the real economy. Themed 'Crowding In Capital for Sustainable Growth', the conference aims to facilitate conversations on transition and adaptation financing, including discussions on concrete steps, toolkits, frameworks and collaborations required to translate climate ambition into action.

The Financing Asia’s Transition (FAST) Conference will be held on 17 April 2024, as part of Ecosperity Week 2024.