Can carbon credits help close coal plants? …C0NTINUE READING HERE >>>
A Manila coal plant could be a model for how developing countries can quit polluting fossil fuel.
Photo: JAM STA ROSA / AFP
Source: AFP
A few dozen kilometres from the Philippine capital Manila sits a coal plant that some hope could be a model for how developing countries can quit the polluting fossil fuel.
An alliance led by The Rockefeller Foundation, a philanthropic group, plans to help close the plant 10 years early, avoiding millions of tons of emissions and monetising them as carbon credits.
The idea is “pretty simple”, said Joseph Curtin, managing director of Rockefeller’s…
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