From Commitment to Action: Accelerating Change through Transition Credits

Main Stage

From Commitment to Action: Accelerating Change through Transition Credits

BrightCove Video :

Banner :

Description :

Despite its potential to significantly reduce emissions in Asia, the early phase-out of coal-fired power plants (CFPPs) is challenging and actual examples of such transactions in the region are few. The large and young fleet of CFPPs in Asia means that additional financing mechanisms are needed to improve the economic viability and scale such transactions.

High-integrity transition credits, generated from the emissions reduced through retiring a CFPP early and its replacement with clean energy sources, is one such financing mechanism that can be explored. This solution showcase spotlights two transition credits pilots, namely (i) South Luzon Thermal Energy Corporation coal plant in Philippines, and (ii) a coal plant in Mindanao, Philippines. It will feature the progress as well as the practical experiences of piloting the use of transition credits.

Speakers :

Eric Francia

President & CEO

ACEN
Andrew Jeffries

Advisor, Energy Transition Mechanism and Partnerships

Asian Development Bank
Elizabeth Yee

Executive Vice President, Program Strategy

The Rockefeller Foundation