The launch was announced at the opening session of the GFANZ APAC summit on June 5 by GFANZ vice-chair Mary Schapiro and Ravi Menon, GFANZ APAC Network advisory board chair and managing director of the Monetary Authority of Singapore (MAS).
The Glasgow Financial Alliance for Net Zero Asia-Pacific (GFANZ APAC) Network has launched a public consultation on its proposed set of voluntary guidance for financing the early retirement of coal-fired power plants in Asia-Pacific.
The consultation is open until Aug 4. The final guidance will outline practical steps that financial institutions committed to net zero can independently take to support the financing of coal phase-out transactions. In doing so, the guidance seeks to strengthen the credibility of these transactions in the eyes of relevant stakeholders.
