DBS becomes the first commercial bank to fund ETAF — a blended-finance partnership under MAS's FAST-P initiative, managed by Clifford Capital — bankrolling coal phase-outs, renewables, grids and storage across Asia.

Positive-sum angle: Commercial-bank money flowing into blended climate finance de-risks the projects multilateral capital can't reach alone, pulling private lenders into Asia's grid build-out instead of leaving it to development banks.

Source — TNGlobal