Credits Tied to Shutting Asia Coal Plants Early Win Backing

A novel form of carbon credits intended to channel more private capital toward the early phase out of coal-fired power plants has been endorsed by a key standards body.

Verra, a major rules-setting group and registry for the carbon credits sector, has launched a methodology for generating so-called transition credits from retirements of the assets, Chief Executive Officer Mandy Rambharos said on Tuesday at the Ecosperity conference in Singapore.