- Wed, 07 May 2025 6 Min Read
Rockefeller Foundation Announces Latest Steps to Accelerate Community-Focused Energy Transition Projects during Ecosperity Week
Collaboration between ACEN Corporation, GenZero, Keppel, and Mitsubishi for pilot project in the Philippines Approval of a methodology by Verra that will accelerate the world's first transition credits Scaling up support for 60 plant transitions could unlock US$110 billion in public and private investment, prevent 9,900 early deaths annually, and generate 29,000 permanent jobs SINGAPORE, May 7, 2025 -- The Rockefeller Foundation announced its latest efforts to accelerate access to clean, affordable energy in vulnerable communities living near coal-fired power plants in developing countries, as part of its Coal to Clean Credit Initiative (CCCI). During Ecosperity Week in Singapore, the Foundation's partner ACEN Corporation, announced a new collaboration with GenZero, Keppel, and Mitsubishi Corporation and its subsidiary, Diamond Generating Asia, Limited, to advance the first CCCI pilot in the Philippines, while Verra, a nonprofit certification body that issues Verified Carbon Units (VCUs) for carbon reduction, officially approved the CCCI's methodology, the first of its kind. In addition, new analysis from The Rockefeller Foundation shows that supporting 60 projects by 2030 could unlock US$110 billion in public and private investment while preventing 9,900 early deaths and 640,000 lost workdays annually and generating 29,000 new permanent jobs.
