New Trust Fund under CEFPF for the Energy Transition Mechanism Established

On 1 June 2022, the Energy Transition Mechanism Partnership Trust Fund (ETMPTF) was established under the Clean Energy Financing Partnership Facility (CEFPF). The multi-partner trust fund was designed to catalyze public and private capital to accelerate the transition from carbon-intensive coal-based power plants to clean energy in Asian Development Bank’s (ADB) developing member countries (DMCs) to reduce greenhouse gas emissions.  

How ADB is Helping Asia and the Pacific Bounce from COVID-19 and Chart a Green Future

ADB committed $22.8 billion in loans, grants, guarantees, equity investments, and technical assistance in 2021. This includes supporting its developing member countries address, cope, and recover from the COVID-19 pandemic while focusing on the priority areas of its long-term Strategy 2030, such as climate change and gender equality. Read more here.