SINGAPORE: Singapore is looking at possible financing mechanisms to accelerate the phase-out of coal-fired power plants in Asia and support decarbonis...
: Singapore is looking at possible financing mechanisms to accelerate the phase-out of coal-fired power plants in Asia and support decarbonisation of the hard-to-abate aviation and maritime transport sectors.
MAS noted that the decarbonisation of the energy, aviation and maritime transport sectors is critical for the region’s transition to net zero. A comprehensive approach that provides credibility for early phase-out projects and innovative financing structures, regulatory clarity on financed emissions, and appropriate policy reforms, will be needed to scale coal transition, it said.
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