Singapore Regulator Launches Consultation On Coal Phase-Out Criteria.

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  • 06 Jul 2023
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Singapore Regulator Launches Consultation On Coal Phase-Out Criteria.

The Monetary Authority of Singapore (MAS) has launched a public consultation to establish detailed thresholds and criteria for financing the early phase-out of coal-fired power plants (CFPPs) under the Singapore-Asia Taxonomy. The consultation aims to establish a credible standard that encourages participation in projects aligned with a 1.5 degrees Celsius transition pathway. The early retirement of CFPPs is seen as crucial for the energy transition in the Asia-Pacific region, where coal accounts for a significant portion of power generation and greenhouse gas emissions.

Source: ESGNewsasia