Vikram Widge News Today

A consortium led by the Rockefeller Foundation has launched a pilot initiative to use carbon credits to retire a coal power plant in the Philippines before the end of its natural life, it said on... -December 04, 2023 at 04:30 am EST - MarketScreener

On the sidelines of COP28, the Coal to Clean Credit Initiative says it aims to use carbon credits to decommission the South Luzon Thermal Energy Corporation plant in Batangas by as early as 2030

There is no doubt that the idea of a debt-for-climate swap is no longer one that can be easily waved away.

Abt is partnering with The Climate Registry at the 2022 UN Climate Change Conference of the Parties (COP27).

Developing countries could see some debt relief if they commit to clean energy investment.