Scaling Financing for Coal Phase out in Emerging Economies 2025

30 ACEN (2023), COP28: ACEN, The Rockefeller Foundation and Monetary Authority of Singapore partner to pilot the use of Transition Credits for the early retirement of coal plants 31 GFANZ, (2023), Guide to support the financing of the early retirement of coal-fired power plants as part of a just net-zero transition 32 ASEAN Taxonomy Board (2024), ASEAN Taxonomy for Sustainable Finance Version 3 33 Monetary Authority of Singapore (2023), Guidelines for Financial Institutions on Transition Planning for a Net Zero Economy 34 World Economic Forum (2022), World’s first Energy Transition Mechanism (ETM) for early retirement of a coal plant 35 Nationally Determined Contributions (NDCs) are climate action plans that countries commit to under the Paris Agreement to reduce greenhouse gas emissions and adapt to climate change, https://unfccc.int/process-and-meetings/the-paris- agreement/nationally-determined-contributions-ndcs 36 Philippines Department of Energy (2023), Philippine Energy Plan 2023-2050 37 ACEN (2023), Net Zero Roadmap Scaling Financing for Coal Phase-out in Emerging Economies 29