First carbon credit scheme for early coal plant closures unveiled

Proponents hope carbon markets can offer new funding for costly transition from coal to renewables. But concerns have been raised over the risk of low-integrity credits
First carbon credit scheme for early coal plant closures unveiled
A boy jumps into the canal with the Cirebon-1 coal power plant in the background, in West Java province, Indonesia, September 2, 2024. The plant is set to be retired in 2035 under Indonesia's JET-P, seven years earlier than originally scheduled. (Photo: REUTERS/Ajeng Dinar Ulfiana)

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