O Leverage Large Amounts Of Commercial Capital To Triggera Decisive Shift Towards Decarbonization The Etm 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 ....

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