coal-fired power plants

Both parties will explore projects driving early retirement of coal-fired power plants and switching to clean energy alternatives.

The coalition’s members include Temasek, GenZero, Citi, Standard Chartered, DBS and OCBC.

“Transition” refers to activities that do not meet the green thresholds now but are on a pathway or contributing to net zero.

MAS’s Sustainable Finance Advisory Panel met on Sept 26 and discussed possible financing mechanisms.

A new working paper sets out how high-integrity carbon credits can be used as a complementary financing instrument.

“It’s rare to see a central bank worry about coal. But, we realised that it was something needle-moving for Asia’s transition.”

The guidance will outline practical steps that financial institutions can take to support the financing of coal phase-out.

SINGAPORE (Apr 22): Oversea-Chinese Banking Corp, Southeast Asia’s second-largest lender, says two Vietnamese coal-fired power plants it finances will be its last as it increases funding for renewable projects.

(Apr 17): Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, said two Vietnamese coal-fired power plants will be the last it finances as it increases funding for renewable projects.