MAS coalition to pilot use of transition credits for early retirement of coal plants

Close to 30 members support the coalition.

The Monetary Authority of Singapore's (MAS) newly launched Transition Credits Coalition (TRACTION) will be working on two pilot projects to test the use of high-integrity transition credits in transactions for the early retirement of coal-fired power plants (CFPPs).

TRACTION will conduct the pilot projects separately to test the feasibility of integrating transition credits for early CFPP retirement.

The coalition will conduct the pilot projects in collaboration with ACEN Corporation, the Coal-to-Clean Credit Initiative, and the Asian Development Bank (ADB) on the retirement of coal plants in the Philippines.

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