COP28: The Rockefeller Foundation, ACEN Corporation, Monetary Authority of Singapore Partner to Explore Phasing Out Coal Plant in Philippines

The Rockefeller Foundation United Kingdom United States of America United Arab Emirates Singapore

The Coal to Clean Credit Initiative (CCCI), a consortium of global experts, receives high-level endorsement from Philippines' ACEN to begin exploring the world's first coal-to-clean pilot project in the Philippines, supported by the Monetary Authority of SingaporeCCCI is already actively engaging with sovereign buyers of credits under the Paris Agreement, with support from the COP28 PresidencyMeanwhile CCCI submits "transition credits" draft methodology for review ahead of its public consultation, launching Monday December 4 2023, following five public stakeholder consultationsThe draft methodology will enable funding from carbon markets to accelerate a just coal-to-clean energy transition in emerging economies, operationalizing the Paris AgreementView original content:https://www.prnewswire.co.uk/news-releases/cop28-the-rockefeller-foundation-acen-corporation-monetary-authority-of-singapore-partner-to-explore-phasing-out-coal-plant-in-philippines-302004467.html