MAS launches public consultations on coal phase-out, voluntary code of conduct for ESG rating agencies

The Monetary Authority of Singapore (MAS) has launched a public consultation on the detailed thresholds and criteria for financing the early phase-out of coal-fired power plants under the Singapore-Asia Taxonomy.

MAS, together with industry representatives, will incorporate feedback from the public consultation in the taxonomy, which will be launched later this year, says Indranee Rajah, Minister in the Prime Minister’s Office and Second Minister for Finance and National Development. 

“By providing clear definitions on what is green, what is transition and what is neither, the Singapore-Asia Taxonomy aims to catalyse green and transition finance flows to enable the decarbonisation of brown sectors,” says Indranee at the International Capital Markets Association’s (ICMA) 9th Annual Conference of the Principles on June 28.

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