Rockefeller Foundation makes a push for transition credits
Transition credits, a new type of carbon credit that provides financial rewards for retiring carbon-intensive assets, could gain traction if enough buyers can be found.
Sellers of transition credits, a new market-driven financing approach which seeks to monetise the reduction or avoidance of future emissions from a facility or project, could gain traction if long-term buyers for future credits could be secured, a senior executive at the Rockefeller Foundation told AsianInvestor.
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