News / #public-private partnership
The former Monetary Authority of Singapore head Ravi Menon has come out of retirement to take on a newly created role, where he will represent the city-state at international climate discussions and advise on nationwide climate policies.
From supply chain decarbonisation to evolving trade regulations, here are a few of the things that got under the skin of Asia's corporate sustainability leaders in a year that geopolitics complicated climate ambition in the boardroom.
Ravi Menon, who heads the Monetary Authority of Singapore (MAS), says that an appropriate carbon price will render blended finance and carbon credits to lower the cost of capital for energy transition projects in emerging markets unnecessary. He was speaking at the COP28 summit.
Using the novel class of carbon credits, the Monetary Authority of Singapore 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.
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