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Two Philippine coal plants selected for early phase-out under Singapore central bank’s test of new ‘transition credits’

Using the novel class of carbon credits, the bank aims to retire one of the facilities a decade earlier. The pilots will inform the work of a coalition that will be creating a standardised approach to accelerate Asia’s coal phase-out.

two-philippine-coal-plants-selected-for-early-phase-out-under-singapore-central-bank’s-test-of-new-‘transition-credits’

Using the novel class of carbon credits, the bank aims to retire one of the facilities a decade earlier. The pilots will inform the work of a coalition that will be creating a standardised approach to accelerate Asia’s coal phase-out.