In 2021, ADB launched the Energy Transition Mechanism (ETM), a program aimed at helping confront the issue of climate change by reducing greenhouse gas emissions in Asia and the Pacific. More than 50% of the world's greenhouse gas emissions come from our region, which still relies heavily on coal and other fossil fuels as a source of energy. ETM aims to use concessional and commercial capital to accelerate the retirement or repurposing of fossil fuel power plants and replace them with clean energy alternatives.

https://www.adb.org/news/features/update-energy-transition-mechanism-april-2023

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