Singapore, 17 April 2024 – Asia Carbon Institute (ACI) is pleased to announce that it has joined the Transition Credits Coalition (TRACTION), convened by the Monetary Authority of Singapore (MAS), as a knowledge partner. This partnership aims to accelerate the transition away from coal-fired power plants (CFPPs) in Asia, while simultaneously promoting the development of clean energy sources.

TRACTION is a coalition of close to 30 members and knowledge partners across stakeholder groups including carbon credit services, energy financing, project development, risk management and non-governmental organisations. It aims   to develop high-integrity transition credits as a viable market solution for scaling the early retirement of CFPPs in Asia.

Joining TRACTION as a knowledge partner, ACI will contribute its expertise and knowledge to the objectives of the coalition. ACI is dedicated to advancing the transition towards a climate- neutral economy by fostering the growth of the carbon market ecosystem in Asia.

For further information, please contact info@asiacarboninstitute.org