Scaling Financing for Coal Phase out in Emerging Economies 2025

Acronyms ADB Asian Development Bank ASEAN Association of Southeast Asian Nations BAU Business as usual CBAM Carbon Border Adjustment Mechanism CCCI Coal to Clean Credit Initiative CCS Carbon capture and storage CFPP Coal-fired power plant CO2 Carbon dioxide CRM Coal retirement mechanism CTF Clean Technology Fund DSCR Debt service coverage ratio DSRA Debt service reserve account EMDE Emerging and developing economies ETM Energy transition mechanism GDP Gross domestic product GFANZ Glasgow Financial Alliance for Net Zero Gt Gigatonne IEA International Energy Agency IPP Independent power producer MAS Monetary Authority of Singapore MDB Multilateral development bank Mt Megatonne MW Megawatt NDC Nationally determined contribution NPV Net present value PEP Philippine Energy Plan PPA Power purchase agreement PSA Power supply agreement SLTEC South Luzon Thermal Electric Corporation WACC Weighted average cost of capital WESM Wholesale electricity spot market Scaling Financing for Coal Phase-out in Emerging Economies 24