MAS and McKinsey have collaborated on a working paper that highlights the potential of high-integrity carbon credits as a financing tool to expedite the retirement of coal-fired power plants (CFPPs). The paper suggests that these credits can be used alongside other funding methods to scale up the process of decommissioning CFPPs. By utilizing carbon credits, which represent a reduction in greenhouse gas emissions, it is expected that the retirement of CFPPs can be accelerated and the transition to cleaner energy sources can be hastened. This joint effort aims to provide valuable insights and strategies for achieving a more sustainable and greener future.
HomeDIGITAL ASSETS REGULATORYsingapur_MASExploring the Potential of High-Integrity Carbon Credits to Speed Up the Retirement...