Finance Secretary Carlos Dominguez Iii Glasgow Said Here Wednesday The Philippines 39 Participation In Asian Development Bank 39s Adb Energy Transition Mechanism Etm Facility Will Serve As An Innovative Model For Other Countries Seeking To Accelerate Their Shift Toa Quot Cleaner Future By Retiring Coal Fired Power Plants Favor Of Renewable Re Sources Underscores Its Firm Commitment Combat Climate Change Through Practical Projects On Ground Time Debate And Merely Discussing Theories Is Over Today News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Finance Secretary Carlos Dominguez III GLASGOW - Finance Secretary Carlos Dominguez III said here Wednesday the Philippines' participation in the Asian Development Bank's (ADB) Energy Transition Mechanism (ETM) facility will serve as an innovative model for other countries seeking to accelerate their shift to a "cleaner energy future" by retiring their coal-fired power plants in favor of renewable energy (RE) sources. Dominguez said the Philippines' participation in the ETM underscores its firm commitment to "combat climate change through practical projects on the ground." "The time for debate and merely discussing climate change theories is over. Today, we are focusing on applied solutions and workable programs to quickly reduce greenhouse gas emissions. We have a planet to save and we do not have much time to do it," he said at the launching of the partnership to design and establish the ETM. Dominguez, who is chairman-designate of the countr ....

France General , Climate Change Commission , Energy Transition Mechanism , Asian Development Bank , Secretary Carlos Dominguez , United Nations Climate Change Conference , Southeast Asia , Nationally Determined Contribution , Paris Agreement , Pacific Ring , Finance Secretary Carlos Dominguez Iii Glasgow Said Here Wednesday The Philippines 39 Participation In Asian Development Bank 39s Adb Energy Transition Mechanism Etm Facility Will Serve As An Innovative Model For Other Countries Seeking To Accelerate Their Shift Toa Quot Cleaner Future By Retiring Coal Fired Power Plants Favor Of Renewable Re Sources Underscores Its Firm Commitment Combat Climate Change Through Practical Projects On Ground Time Debate And Merely Discussing Theories Is Over Today , E Are Focusing On Applied Solutions And Workable Programs To Quickly Reduce Greenhouse Gas Emissions We Havea Planet Save Do Not Have Much Time It , Uot He Said At The Launching Of Partnership To Design And Establish Etm Dominguez , Ho Is Chairman Designate Of The Country 39s Climate Change Commission Cc , Eads The Philippine Delegation To 26th United Nations Climate Change Conference Of Parties Cop26 Ongoing In This City Etm Facility Was Announced And Launched At Adb , The Philippines , Nd Indonesia Launched Here Wednesday The Landmark Etm Initiative That Aims To Accelerate Transition Of Countries In Southeast Asia From Coal Green Energy Dominguez Said Philippines Hasa Quot Unique Opportunity Mindanao Pilot Project As Government Is Process Rehabilitating Agus Pulangi Hydropower Plant Improve Its Generating Capacity Power Complex Composed Seven Plants Increases , He Government Can Proceed With Its Plan To Gradually Acquire Coal Fired Power Plants In Mindanao And Repurpose Them Through The Etm Facility Quot Will Showcase An Earth Friendly Future That Be Replicated Other Areas Philippines Even Countries Around World , Uot Dominguez Said Quot Together With The Asian Development Bank , He Philippines Is Pioneering An Innovative Model That Will Seta Global Standard In Transitioning Toa Cleaner Energy Future Quot The Etm Isa Public Private Finance Vehicle Aims To Both Reduce Coal Fired Power Generation Through Accelerated Plant Retirement And Boost Growth Of Re Using Equitable , Nd Market Based Approach According To The Adb , He Etm Partners Will Jointly Conducta Thorough Feasibility Study Focusing On The Optimal Business Model For Each Pilot Country Philippines , Indonesia And , Ietnam And Bring Together Concessional Resources From Donor Governments Philanthropies , N Close Coordination With Global Climate Change Focused Funds , O Leverage Large Amounts Of Commercial Capital To Triggera Decisive Shift Towards Decarbonization The Etm ,