[SINGAPORE] Governments, investors and banks have poured about US$100 billion into efforts to handle the effects of climate change in Asia in the past five years, with water and infrastructure projects attracting the majority of the capital.

More than 90 per cent of the investment between 2021 and 2025 was made by state-related organisations or development finance institutions, according to a study of 165 funding groups published on Monday (May 18).

Road elevation and drainage, water basin management, and training for farmers were among the activities that attracted the most funding, said the report by the Centre for Impact Investing and Practice, Singapore’s state fund Temasek Holdings, Invesco, and ImpactSF. The study mainly analysed investments in China, India and South-east Asia.