Key Takeaways: Significant progress is continuing with ADB’s ETM pilot countries: Indonesia, the Philippines, Viet Nam, and now Pakistan and Kazakhstan. ADB is working extensively with stakeholders in each of the countries on their pre- and full-feasibility studies, including on safeguards and ensuring a just transition. The studies hope to ultimately identify coal and other fossil fuel assets for early retirement or repurposing as part of the transition toward clean energy In 2021, ADB launched the Energy Transition Mechanism (ETM), a program aimed at helping confront the issue of climate change by reducing greenhouse gas emissions in Asia and the Pacific. More than 50% of the world’s greenhouse gas emissions come from our region, which still relies heavily on coal and other fossil fuels as a source of energy. ETM aims to use concessional and commercial capital to accelerate the retirement or repurposing of fossil fuel power plants and replace them with clean energy alternatives. Update on ADB’s Energy Transition Mechanism - April 2023