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Singapore’s MAS to test the usage of carbon credits to finance early coal plant retirement

September 28, 2023 Comments Off

Singapore’s central bank, the Monetary Authority of Singapore, is looking to test the usage of high integrity carbon credits to finance the early retirement of coal-fired power plants (CFPPs), according to working paper published late Sept. 26. “If high integrity carbon credits can be generated from the early retirement of CFPPs, they can serve as a complementary revenue stream to…