CMW commissioned research to analyse the rigour of Verra’s methodologies for the retirement of coal-fired power plants. In Carbon Market Watch’s view, the results of this research demonstrate weaknesses in Verra’s coal crediting methodology that could seriously undermine its ability to deliver credible, additional, and environmentally sound carbon credits.
Allowing coal-fired power plants to generate carbon credits as a way of financing their early retirement sounds better in theory than it would work in practice if the proposed methodology from Verra were to be implemented. Verra must go back to the drawing board and policymakers must seek out better solutions for moving beyond coal. …
Read more “Can carbon credits wean the power sector off coal dependency?”
Scroll down for French and Spanish This is a guest contribution by Chandrachur Ghosh, an expert on the coal sector. Under the Paris Agreement coal phase out commitments are a necessity if we are to meet the goal of staying below 1.5C warming. In recent years the world has witnessed increased divestment from coal and …
Read more “Member’s insight: A case of Coal Phase-In for India”
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