Energy Finance Day

Mobilizing Capital for Clean Energy Transition

The battle against climate change will be won or lost in Asia and the Pacific. If emissions from existing and planned coal power plants in the region are not addressed, the region will fail to meet its Paris Agreement targets by a large margin.

More than half of global greenhouse gas emissions originate in Asia and the Pacific, and there is a need to develop scalable and collaborative initiatives in partnership with ADB’s Developing Member Countries (DMCs) that will leverage a market-based approach to accelerate the just transition from fossil fuels to clean energy.
Public and private investments—from governments, multilateral banks, private sector investors, philanthropies, and long-term investors— will need to be made, and new financial products will need to be developed, in order to accelerate the retirement or repurposing of coal-fired plants through refinancing, acquisition or sustainability linked corporate loans; and to simultaneously scale up investment in clean energy and energy storage.

Speakers and panelists in this DDW will discuss the role of concessional financing, carbon credits, and interventions that create an enabling environment for the energy transition.