AsiaElec - Asia Power

ADB to support Indonesia and Philippines’ move away from coal

The Asian Development Bank (ADB) is to accelerate the clean energy transition away from coal in Indonesia and the Philippines by setting up the Energy Transition Mechanism (ETM).

South Africa, India, Indonesia and the Philippines to receive $2.5bn to phase out coal

South Africa, India, Indonesia and the Philippines are to receive up to $2.5bn of climate financing from the World Bank’s Climate Investment Funds (CIF) in a bid to advance a just transition from coal power to clean energy in emerging economies.