MAS and McKinsey have collaborated to release a working paper that outlines the potential use of high-integrity carbon credits as a financing tool to expedite the retirement of coal-fired power plants (CFPPs). The paper suggests that these carbon credits can be employed alongside other means to support and amplify efforts in phasing out CFPPs. By utilizing these credits, it is anticipated that the process of retiring CFPPs can be accelerated and expanded, contributing to the reduction of carbon emissions and the transition towards cleaner and more sustainable energy sources.
HomeDIGITAL ASSETS REGULATORYsingapur_MASMAS Collaborates with McKinsey to Explore Using High-Quality Carbon Credits for the...