New carbon credit scheme targets 60 plants by 2030 for coal phaseout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2025
0mins
Source: Reuters
Rockefeller Foundation's Initiative: The Rockefeller Foundation plans to sign 60 projects by 2030 under its Coal to Clean Credits Initiative (CCCI) to phase out coal-fired power in developing countries, aiming to attract $110 billion in investments while addressing climate targets.
Project Methodology and Impact: The methodology for CCCI was launched by Verra, with the first project being the South Luzon Thermal Energy Corporation in the Philippines, which will generate carbon credits to support renewable energy transition and local communities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
