ESG & Investing
New Tool to Shutter Asia’s Coal Plants Is Gaining Momentum
- Transition credits could be effective at around $25-$35: DBS
- Region seeking to offset lost revenue from early retirements
A stacker-reclaimer at a stockpile of coal at a plant in Tuticorin, India.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
Lenders to power producers see momentum building in development of a novel form of carbon credits intended to advance the phase out of coal-fired power capacity.
Entities including the Monetary Authority of Singapore have advocated the introduction of transition credits, the sales of which would help offset a shortfall in revenue from power assets that are shuttered ahead of schedule.