Transition credit: Why asset owners will benefit from its success

The Monetary Authority of Singapore’s efforts to drive the development of transition credits, a new market-driven financing approach, will benefit asset owners although it will take time before investors warm to the idea. “The number one stakeholder that benefits from the success of transition credit, is an asset owner,” Asilah Azil, partner at McKinsey Singapore, told AsianInvestor. Singapore’s central bank launched the Transition Credits Coalition, or TRACTION, last December a…