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Just Energy Transition Series #2 · February 2026

Retiring Early

Transition credits for captive, off-grid coal-fired power plants

Cover — Retiring Early
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Series Just Energy Transition Series #2
Published February 2026
Type Scoping study
Author Landscape Advisory

Abstract

A scoping study on using transition credits to shift captive, off-grid coal-fired power plants to renewables.

Captive coal plants sit outside the national grid, serving smelters and industrial estates under long-term contracts that assume decades of remaining life. Retiring them early requires paying for generation that has already been financed — which is what a transition credit is for: a carbon asset created by the avoided emissions between a plant's contracted retirement date and an earlier one.

Abstract and findings to be added — the file in this project is the cover extract only.

Keywords
transition credits · captive coal · off-grid power · carbon finance · Indonesia