Rockefeller Foundation Launches Scheme to Close Coal Plants in Emerging Markets

Rockefeller Foundation Launches Scheme to Close Coal Plants in Emerging Markets

The Rockefeller Foundation is launching a Coal to Clean Credit Initiative (CCCI), with which it will aim to support 60 projects by 2030 to help close coal-fired power plants in developing countries. As part of the first efforts of the new initiative, the Rockefeller Foundation will collaborate with ACEN Corporation, GenZero, Keppel, and Mitsubishi for a pilot project in the Philippines, the foundation said on Wednesday. The Rockefeller Foundatio…

Mitsubishi joins Singapore firms in climate plan to close Philippine coal plant early

The aim of the initiative with Japan's Mitsubishi, Philippines' ACEN and Singapore's GenZero and Keppel is to retire ACEN's 246 megawatt coal plant in South Luzon by 2030 and replace it with renewable energy and battery storage, with some of the funding coming from transition credit sales. Read more at straitstimes.com.

Rockefeller Foundation launches scheme to close coal plants in emerging markets – Oil & Gas 360

(Oil Price) – The Rockefeller Foundation is launching a Coal to Clean Credit Initiative (CCCI), with which it will aim to support 60 projects by 2030 to help close coal-fired power plants in developing countries. As part of the first efforts of the new initiative, the Rockefeller Foundation will collaborate with ACEN Corporation, GenZero, Keppel, and Mitsubishi for a pilot project in the Philippines, the foundation said on Wednesday. The Rockefel

Carbon Credit Scheme Targets Coal Plants For Early Retirement

The Rockefeller Foundation has launched a carbon finance scheme to help phase out coal power plants in developing countries. The foundation is looking to sign up 60 projects in the next five years for early coal plant shutdowns, it said on Wednesday, after its rulebook was given the go-ahead. Around 2,000 coal-fired power plants need to be decommissioned from now until 2040 in order to meet global climate targets, the International Energy Agency…