Think-tank calls for $300 bln per year in grants to phase out coal and scale removals

Published 14:55 on March 24, 2023  /  Last updated at 14:57 on March 24, 2023  /  International, Nature-based, Voluntary  /  No Comments

Low and middle-income countries should receive $300 billion in concessional payments by 2030 to phase out coal power, scale engineered removals, and stop deforestation, with the money potentially stemming from corporates via the voluntary carbon market (VCM), according to an international think-tank.

Low and middle-income countries should receive $300 billion in concessional payments by 2030 to phase out coal power, scale engineered removals, and stop deforestation, with the money potentially stemming from corporates via the voluntary carbon market (VCM), according to an international think-tank.

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