Africa > Banks advance work on transition credits to accelerate, bridge financing gap in coal plant decommissioning

Banks advance work on transition credits to accelerate, bridge financing gap in coal plant decommissioning

Published 20:21 on March 2, 2024  /  Last updated at 21:04 on March 2, 2024  /  Africa, Americas, Asia Pacific, EMEA, International, Other APAC, South & Central, US, Voluntary

HSBC and Standard Chartered are working to develop a novel approach aimed at financing and accelerating the phaseout of coal power plants by introducing transition carbon credits, advancing existing efforts by governments and other private sector players.
HSBC and Standard Chartered are working to develop a novel approach aimed at financing and accelerating the phaseout of coal power plants by introducing transition carbon credits, advancing existing efforts by governments and other private sector players.


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