The Asian Development Bank, the Government of the Republic of Indonesia, and the Government of the Republic of the Philippines, will convene to announce the launch of a partnership to design and establish an Energy Transition Mechanism (ETM) to accelerate the transition from coal to clean energy in Southeast Asia, in a just and affordable manner. ETM is an innovative model which would use blended finance to accelerate the retirement of coal power plants and develop green, renewable energy to replace it.

The event will be held in Glasgow, Scotland as part of COP26, the United Nations Climate Change Conference. Notable speakers (listed in order of appearance) at this event include:

  • Mr. Ahmed M. Saeed, Vice President, ADB
  • Hon. Helen Whately, Exchequer Secretary to the Treasury, UK
  • Hon. Janet Yellen, Secretary, US Department of the Treasury (video message)
  • Hon. Sri Mulyani Indrawati, Minister of Finance, Republic of Indonesia; Chair, Coalition of G20 Finance Ministers for Climate Action 
  • Hon. Carlos Dominguez III, Secretary of Finance and Chairpersondesignate, Climate Change Commission, Republic of the Philippines
  • Mr. Masatsugu Asakawa, President, ADB
  • Hon. Jeppe Kofod, Minister of Foreign Affairs, Denmark (video message)
  • Hon. Masato Kanda, Vice Minister for International Affairs, Ministry of Finance, Japan (video message)
  • Dr. Raj Shah, President, The Rockefeller Foundation
  • Mr. Michael Bloomberg, UN Secretary General’s Special Envoy on Climate Ambitions and Solutions (video message)
  • Mr. Donald Kanak, Chairman of Prudential Insurance Growth Markets/Originator of ETM (live video)
  • Hon. Malik Amin Aslam, Federal Minister and Adviser to Prime Minister of Pakistan for Climate Change
  • Dr. Naoko Ishii, Executive Vice President, The University of Tokyo & Director, Center for Global Commons
  • Mr. Noel Quinn, Group Chief Executive, HSBC
  • Dr. Andrew Steer, President & CEO, Bezos Earth Fund
  • Ms. Elizabeth Yee, Executive Vice President & Chief of Staff, The Rockefeller Foundation


  • Launch the Southeast Asia ETM partnership with the Governments of Indonesia and the Philippines
  • Bring together donor governments, including the US, UK, Japan, and Denmark to promote ETM
  • Engage in a fireside chat with potential private sector and philanthropic partners for ETM

Target participants

30 (in-person); Online (open to the public)

Resource speakers

How to register

By invitation for in-person; Online: no registration required. Open to all and streamed through ADB Live

Event organizers/partners

  • Asian Development Bank
  • Government of the Republic of Indonesia
  • Government of the Republic of the Philippines
  • Rockefeller Foundation
  • SE4All

Event Contact