Philippines' CCCI pilot project aims to replace a coal plant with clean energy, reducing up to 19 million tons of CO2 emissions.

The Coal to Clean Crediting Initiative (CCCI) pilot project in the Philippines aims to reduce up to 19 million tons of CO2 emissions by replacing a coal plant with clean energy sources and battery storage. The project, under consideration, is designed to accelerate the managed phase-out of coal plants in emerging economies and incentivize their replacement with clean power. Verra is reviewing the methodology for the project.

April 17, 2024
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