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International Business Times
International Business Times
World
Sara HUSSEIN

Can Carbon Credits Help Close Coal Plants?

A Manila coal plant could be a model for how developing countries can quit polluting fossil fuel (Credit: AFP)

A few dozen kilometres from the Philippine capital Manila sits a coal plant that some hope could be a model for how developing countries can quit the polluting fossil fuel.

An alliance led by The Rockefeller Foundation, a philanthropic group, plans to help close the plant 10 years early, avoiding millions of tons of emissions and monetising them as carbon credits.

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