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

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.