The taxonomy was developed by the Green Finance Industry Taskforce (GFIT), an industry-led initiative convened by MAS, whose mandate is to help accelerate the development of green finance.
The Monetary Authority of Singapore (MAS) will launch a consultation in the coming weeks on its proposal to include the managed phase-out of coal-fired power plants in the Singapore-Asia Taxonomy.
Formerly referred to as the Singapore Taxonomy, the guidelines were expected to be published in June. Instead, MAS will seek feedback on additional criteria from financial institutions “within the next few weeks”, says Gillian Tan, chief sustainability officer (CSO) of MAS.
