They called for fairer policies, stronger support, and inclusion in global sustainability standards such as Roundtable on Sustainable Palm Oil and EU Deforestation Regulation at annual roundtable conference on sustainable palm oil, RT2025.
Singapore is set to import 3.4 gigawatts of low-carbon electricity from its neighbour, following substantive progress made by seven Indonesia-based projects. These imports will contribute to the republic’s efforts to decarbonise its power sector.
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.
The Asian Development Bank, which partnered Indonesia to launch its first coal retirement deal last November, said that completing one of these transactions is key to providing others with a model to follow.