GEAPP, Rockefeller Foundation to Design Credit Program to Help Phase Out Coal Use
Last week, the Global Energy Alliance for People and Planet and the Rockefeller Foundation made a formal statement on the Coal to Clean Credit Initiative, which is supported by South Pole, RMI and the Climate Policy Initiative. This initiative, comprised of a consortium of experts from around the globe, will set up a novel standard for the use of carbon finance to motivate the transition to renewable energy in countries globally. The Coal to Clean Credit Initiative is set to begin a consultative process this month, establishing a benchmark for carbon-funded coal transition projects. Rockefeller Foundation president, Dr. Rajiv J.…