The Asian Development Bank, which partnered Indonesia to launch its first coal retirement deal last November, said that completing one of these transactions is key to providing others with a model to follow.
At the Asia Clean Energy Forum in Manila yesterday, Asian Development Bank president Takehiko Nakao said it could not rule out funding coal power as there is 'no other option' for some countries in Asia. Protesters outside the event called on ADB to draw up a time-bound phase-out plan for coal financing.