Building a Scalable and Sustainable Energy Transition Mechanism (ETM) for Southeast Asia: Partnership Launch


Building a Scalable and Sustainable Energy Transition Mechanism (ETM) for Southeast Asia: Partnership Launch

03 November 2021

The Asian Development Bank, the Government of the Republic of Indonesia, and the Government of the Republic of the Philippines,  launched a partnership to design and establish an Energy Transition Mechanism (ETM) to accelerate the transition from coal to clean energy in Southeast Asia, in a just and affordable manner. ETM is an innovative model which would use blended finance to accelerate the retirement of coal power plants and develop green, renewable energy to replace it.

The event was held in Glasgow, Scotland as part of COP26, the United Nations Climate Change Conference.


  • Launch the Southeast Asia ETM partnership with the Governments of Indonesia and the Philippines
  • Bring together donor governments, including the US, UK, Japan, and Denmark to promote ETM
  • Engage in a fireside chat with potential private sector and philanthropic partners for ETM
Program and Learning Materials: 
Date Session / Activity Presentation Material Speaker(s)
03 Nov 2021 Opening Welcome Remarks Mr. Masatsugu Asakawa, President, ADB, Hon. Janet Yellen, Secretary, US Department of the Treasury
03 Nov 2021 Keynote Remarks – United Kingdom Hon. Kwasi Kwarteng, Secretary of State for Business, Energy & Industrial Strategy, UK
03 Nov 2021 Presentation Launch of ETM Southeast Asia Partnership Hon. Sri Mulyani Indrawati, Minister of Finance, Republic of Indonesia; Chair, Coalition of G20 Finance Ministers for Climate Action
03 Nov 2021 Presentation Hon. Carlos Dominguez III, Secretary of Finance and Chairpersondesignate, Climate Change Commission, Republic of the Philippines
03 Nov 2021 Presentation Mr. Masatsugu Asakawa, President, ADB
03 Nov 2021 Video Transition Video Mr. Michael Bloomberg, UN Secretary General’s Special Envoy on Climate Ambitions and Solutions
03 Nov 2021 Video Message from Denmark Hon. Jeppe Kofod, Minister of Foreign Affairs, Denmark
03 Nov 2021 Video Message from Japan Hon. Masato Kanda, Vice Minister for International Affairs, Ministry of Finance, Japan
03 Nov 2021 Signing Signing of MOU / Photos
03 Nov 2021 Discussion Fireside Chat Mr. Ahmed Saeed, Vice President, ADB
03 Nov 2021 Discussion Mr. Donald Kanak, Chairman of Prudential Insurance Growth Markets / Originator of ETM
03 Nov 2021 Discussion Ms. Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for SE4All and Co-Chair of UN-Energy
03 Nov 2021 Discussion Mr. Noel Quinn, Chair, Sustainable Markets Initiative Financial Services Task Force
03 Nov 2021 Discussion Mr. Raj Shah, President, The Rockefeller Foundation
03 Nov 2021 Discussion Mr. Andrew Steer, President & CEO, Bezos Earth Fund
03 Nov 2021 Closing Thank You & Closing Remarks Mr. Ahmed M. Saeed, Vice President, ADB
03 Nov 2021 For more information, please click here.


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