Business · Singapore Bureau
Singapore launches regional agri-food climate adaptation fund at COP31
Singapore has unveiled a new initiative to support agricultural and food security projects across Southeast Asia as the region confronts mounting climate pressures. The programme features a blended finance facility with up to US$500 million in available capital.
LSN Singapore ·
The initiative was announced at the COP31 climate conference, underscoring Singapore's commitment to addressing food security vulnerabilities in Southeast Asia amid accelerating climate change impacts. The blended finance fund is structured to catalyse investment in projects that enhance the resilience and sustainability of regional agri-food systems.
Southeast Asia faces significant challenges from rising temperatures, erratic rainfall patterns, and extreme weather events that threaten agricultural productivity and food supplies across the region. The initiative aims to mobilise both public and private sector capital to fund adaptation measures including climate-smart farming practices, infrastructure development, and supply chain innovations.
The US$500 million facility is designed to attract co-financing from development institutions, commercial investors, and regional partners, amplifying its impact across multiple countries. By combining concessional capital with commercial funding, the blended finance structure seeks to make agricultural adaptation projects in the region more financially viable and scalable.
The announcement reflects growing recognition among regional policymakers that coordinated investment in food system resilience is essential for maintaining agricultural productivity and supporting rural livelihoods as climate impacts intensify across South and Southeast Asia.