ADB’s ETM: Incentivising the retreat from coal

In:

Power, Renewables

Region:

Asia-Pacific

Max Thompson

Managing Editor

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ADB’s Energy Transition Mechanism (ETM) – a funding vehicle to ‘phase out’ coal while scaling up renewables in southeast Asia – has lofty goals which pre-date COP26. But will the financial incentives be enough for asset owners and lenders to retreat from coal in the region?