Rockefeller Foundation makes a push for transition credits

Sellers of transition credits, a new market-driven financing approach which seeks to monetise the reduction or avoidance of future emissions from a facility or project, could gain traction if long-term buyers for future credits could be secured, a senior executive at the Rockefeller Foundation told AsianInvestor. “By 2030, we need to achieve a 50-fold increase in demand for carbon credits,” said New York-based Joseph Curtin, managing director for power and climate at the Rockefell…