BEAMSTART Logo

Insurers and reinsurers need to play a role in lowering the cost of Asia’s coal phase-out: GFANZ

Eco-Business LogoEco-Business21h ago

Insurers and reinsurers need to play a role in lowering the cost of Asia’s coal phase-out: GFANZ - Eco-Business

Quick Summary:

Several big insurers have pulled out of the coal business due to their exclusion policies in recent years. The investor group's regional network plans to start persuading these players to consider covering early retirement transactions.

At the COP28 climate summit last December, GFANZ released its finalised guidance for how financial institutions can credibly support managed coal phase-out projects in Asia.

Under the Singapore central bank’s pilot of transition credits – a novel class of carbon credits generated from coal phase-out projects – announced at COP28, the decomissioning date of SLTEC has been brought forward to as early as 2030.

More Pictures

Insurers and reinsurers need to play a role in lowering the cost of Asia’s coal phase-out: GFANZ - Eco-Business (Picture 1)

or

Article Details

Author / Journalist: Gabrielle See

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 14:50:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 738 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 22843332

View Article Analysis

About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Update Frequency: 2 posts per day

Year Established: 2009

Headquarters: Singapore

News Last Updated: 21 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #100

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Insurers and reinsurers need to play a role in lowering the cost of Asia’s coal phase-out: GFANZ" has 738 words across 22 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "Insurers and reinsurers need to play a role in lowering the cost of Asia’s coal phase-out: GFANZ" was covered 21 hours ago by Eco-Business, a news publisher based in Singapore.

How trustworthy is 'Eco-Business' news outlet?

Eco-Business is a fully independent (privately-owned) news outlet established in 2009 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 2 news stories per day.

It's most recent story was published 21 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #22843332
  • URL: https://beamstart.com/news/insurers-and-reinsurers-need-to-17278208159264

More News from Eco-Business

Latest Jobs

More Economy News

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2024 BEAMSTART. All Rights Reserved.