Perspective
31 January 2022
ADB’s ETM: Incentivising the retreat from coal
In:
Power, Renewables
Region:
Asia-Pacific
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?
