At The Rockefeller Foundation, our mission is rooted in a simple belief: everyone deserves a future of opportunity — the opportunity to have a good job, good health, good food, and access to clean, reliable, and affordable electricity.
Through our Power and Climate initiative, we are helping empower communities and countries around the world to make the best energy decisions for their people and their bottom lines. More and more countries and communities are transitioning to clean energy because it makes economic sense and brings health, security, and development benefits to individuals and nations.
Still, significant barriers remain. In many markets, financial and policy systems have not yet caught up with advances in technology and market economics. That’s why The Rockefeller Foundation’s approach is to show, not tell — by advancing real projects that demonstrate what’s possible and by building the financial and institutional infrastructure needed to scale success.
That is also why The Rockefeller Foundation helped launch the Coal to Clean Credit Initiative (CCCI) — to create one new, high-integrity option that countries and communities can choose to use if it fits their national circumstances. Developed in partnership with the Monetary Authority of Singapore (MAS), ACEN, GenZero, and Keppel, CCCI is piloting one of the world’s first coal-to-clean transactions: the South Luzon Thermal Energy Corporation (SLTEC) project in the Philippines. This groundbreaking initiative will retire a coal plant ten years ahead of schedule, fully replace its generation with renewables, and support affected workers and communities.
The newly released Transition Credits Coalition (TRACTION) Final Report, convened by the Monetary Authority of Singapore (MAS), marks an important milestone in this shared journey. MAS and The Rockefeller Foundation have worked side-by-side over the past two years to explore how transition credits can accelerate Asia’s energy transformation — learning from one another’s experiences, aligning around integrity principles, and helping to lay the foundations of a credible and scalable transition credit ecosystem.
Transition credits are not a cure all — but they can be a valuable, voluntary tool that countries and communities may choose to use to unlock finance, accelerate early coal retirement, and deliver a just and affordable energy transition for all. The Rockefeller Foundation is proud to work alongside partners such as MAS and the TRACTION Coalition to turn climate ambition into action.