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.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.