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The Monetary Authority of Singapore is stepping up its efforts on promoting transition finance, including the launch of experiments with a new class of carbon credits and a new taxonomy for defining transition activities.
The MAS has launched a Transition Credits Coalition (Traction) and announced two pilots to study ways to accelerate the phasing-out of coal-fired power plants using “transition credits”, it said on December 4.
The central bank first proposed creating a new class of high
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