The Monetary Authority of Singapore is promoting Energy Transition Credits (ETCs) to accelerate the early retirement of coal plants across Asia. These high integrity credits provide the financial incentive for asset owners to decommission coal infrastructure ahead of schedule and replace it with clean energy sources. To ensure a just transition, these financial models require verified social safeguards. This includes mandatory funding for displaced workers and community support, ensuring that decarbonization does not come at the expense of regional economic stability.
