The Philippines is testing transition credits, a new type of carbon credit aimed at reducing emissions by funding the conversion of coal-fired power plants to renewable energy. While proponents believe this could attract investment and accelerate the region's shift to clean energy, critics express concerns about the integrity of carbon credit projects and their potential to repeat past failures. The pilot project at the South Luzon Thermal Energy Corp. power plant in Calaca City is seen as a crucial test for this initiative. Teljes cikk (Euronews.com)