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