Asia and the Pacific can only realize its climate goals if it pursues a transition away from coal-based energy in the near term. To accelerate this transition in the region—where coal remains a primary electricity source—the Asian Development Bank (ADB) is working with regional and international partners to support, study, and pilot a scalable Energy Transition Mechanism (ETM).

Driving investment in the energy transition: ETM will help unlock or “crowd in” investments in cost-effective renewable generation and support and enable technologies such as smart grids, hydrogen, electric vehicles, and other clean technologies