COP28: Emerging success stories for a Just Coal-to-Clean transition: The example of ACEN in the Philippines
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COP28: ACEN CEO Eric Francia on the role of transition credits in early coal retirement
#COP28: Our CEO Eric Francia, in a discourse with other Coal to Clean Credit Initiative panelists, pointed out that lost generation from early coal phasedown needs to be replaced by clean, reliable, dispatchable and affordable energy so as not to disturb the grid.
COP28: ACEN CEO pushes for integrated renewable energy system storage in accelerating coal phaseout
At the #COP28 Singapore Pavilion, our CEO Eric Francia emphasized that we need to ensure clean, reliable and affordable energy replacement in further accelerating the coal plant’s retirement by a decade using Transition Credits. “We cannot just shut down a coal plant by 2030. We need to replace that with an integrated renewable and energy…
COP28: Philippines at the forefront of energy transition
By Eric Francia MANILA, Philippines — The beginning of a year typically ushers renewed hope, and I believe that there is much to be hopeful for. The recently concluded COP28 held in Dubai signaled the “beginning of the end” for the fossil fuel era. For the first time ever, signatories of the United Nations Framework…
COP28: ACEN CEO Eric Francia joins panel on Coal Managed Phaseout
ACEN president and CEO Eric Francia joined an esteemed panel at the COP28 Singapore Pavilion in Dubai on December 4, 2023 to discuss Coal Managed Phaseout Package, where he underscored the importance of a responsible and just coal-to-clean transition that ensures affected stakeholders like workers and communities are taken into account in the pivot to renewables. Watch the full panel discussion.
MAS launches transition credits coalition to hasten coal phase-out
DUBAI – Singapore’s central bank launched a coalition on Dec 4 to help accelerate early coal power plant retirements, and also announced two pilot projects that aim to demonstrate how this might be achieved using revenue from the sale of high-integrity carbon credits.
Rockefeller Foundation at COP28 backs early coal retirement using carbon credits
DUBAI – A consortium led by the Rockefeller Foundation has launched a pilot initiative to use carbon credits to retire a coal power plant in the Philippines before the end of its natural life, it said on Monday during the COP28 climate talks in Dubai.
MAS Launches Coalition and Announces Pilots to Develop Transition Credits for the Early Retirement of Asia’s Coal Plants
The Monetary Authority of Singapore (MAS) today announced the launch of the Transition Credits Coalition (TRACTION) and two pilot projects to test the use of high-integrity transition credits in transactions for the early retirement of coal-fired power plants (CFPPs).
COP28: The Rockefeller Foundation, ACEN Corporation, Monetary Authority of Singapore Partner to Explore Phasing Out Coal Plant in Philippines
The Coal to Clean Credit Initiative (CCCI), a consortium of global experts, receives high-level endorsement from Philippines’ ACEN to begin exploring the world’s first coal-to-clean pilot project in the Philippines, supported by the Monetary Authority of Singapore.
ACEN announces roadmap to reach Net Zero emissions by 2050
ACEN is the first energy company in Southeast Asia to announce its Net Zero roadmap that includes near-term scope 1, 2 and 3 greenhouse gas (GHG) emissions reduction targets, aligned with a 1.5°C pathway for the power sector.
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