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