Asia Pacific > GenZero signs MoU with energy firm, asset manager to retire coal-fired power plant in Philippines using ‘transition credits’

GenZero signs MoU with energy firm, asset manager to retire coal-fired power plant in Philippines using ‘transition credits’

Published 12:05 on August 16, 2024  /  Last updated at 12:05 on August 16, 2024  / Nikita Pandey /  Asia Pacific, International, Other APAC, Paris Article 6, Voluntary

GenZero, a subsidiary of Singaporean government-owned investment firm Temasek, has signed a Memorandum of Understanding (MoU) with a Philippines-headquartered energy company and a global asset manager to explore the use of ‘transition credits’, starting with the retirement of a coal-fired power plant in the Philippines, it announced Friday.
GenZero, a subsidiary of Singaporean government-owned investment firm Temasek, has signed a Memorandum of Understanding (MoU) with a Philippines-headquartered energy company and a global asset manager to explore the use of ‘transition credits’, starting with the retirement of a coal-fired power plant in the Philippines, it announced Friday.


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