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Contributed photo QUEZON CITY, May 12 (PIA) Climate Reality leaders working on the development and deployment of energy in the country have expressed support to the Asian Development Bank’s (ADB) plan to stop funding any coal-related projects and decommission coal-fired power plants in the Asia Pacific Region. This plan was conveyed in the draft policy paper, entitled, “Supporting Low Carbon Transition in Asia and the Pacific,” which was released on the ADB website for public consultation. The said paper will be submitted to the ADB’s Board of Directors for consideration by October 2021. Climate Reality Leader Sara Ahmed said that it is great to see that the ADB is finally following the global trend of clean energy transition. “Capital markets are shifting decisively towards cleaner investments. Over 145 globally significant financial institutions have coal exclusion policies and over 50 globally significant financial institutions are including oil and gas,” she note

The philippinesSara ahmedNazrin castroChristianne santosJohnny altomonteVerne energy solutionsAsian development bankFinancial futures centerAsia pacificLow carbon transitionReality leader sara ahmedVulnerable twentyClimate vulnerable forumReality leader johnny altomonteChief executive officerClimate reality leader christianne santos