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Climate Smart Ventures Pte Ltd (CSV), a Singapore-based transition and transaction advisory firm, together with the Rockefeller Foundation and the Environmental Defense Fund, hosted a dialogue entitled “Mobilizing International Support for Power Sector Decarbonization in the Philippines” last September 22 in New York on the sidelines of the 2023 United Nations General Assembly. The event brought together key figures from the governments of the Philippines, United States, the United Kingdom, and Indonesia, as well as senior representatives from major financial institutions, and leading energy think tanks to unveil the Philippine Energy Transition Plan anchored on aggressive renewables development, grid expansion, offshore wind, and voluntary coal plant retirement. […]

Discussions about the early retirement of CFPPs have flourished over the past year. Driven by a global understanding of the need to urgently reduce greenhouse gas emissions (GHG) to reduce the risk of catastrophic climate change, multiple ideas have emerged on how different tools of financing – from buy-outs to sustainability-linked debt, as well as ratepayer-backed securities to asset portfolio securitization – can be harnessed to ensure a just transition for affected stakeholders […]

A foundational pillar of addressing climate change that was unthinkable only three years ago is now becoming reality: the early retirement of coal-fired power plants in emerging economies. During the G20, Indonesia launched its Just Energy Transition Partnership (JETP) – a breakthrough climate finance partnership designed to mobilize $20 billion in public and private financing over the next 3-5 years in support of Indonesia’s accelerated and equitable energy transition. […]

To limit global temperature rises to 1.5˚C, coal generation must be reduced by 80% of 2010 levels by 2030 and phased out by 2040. This can only happen with large-scale collaboration, new tools and methodologies, recognition of the social elements of the transition, and innovative financing mechanisms. At COP26 we announced the Coal Asset Transition Accelerator, or CATA, a philanthropically funded initiative designed to help meet these needs with a particular focus on the role of finance. […]

The Anthropocene Fixed Income Institute (AFII), a research organization that empowers fixed income investors to drive the climate transition, and Climate Smart Ventures (CSV), an advisory firm based in Singapore focused on corporate energy transition plans that shift coal assets to renewables, are excited to announce their Transition-Southeast Asia (T-SEA) partnership. […]

A new study by Climate Smart Ventures Pte. Ltd. (CSV) entitled “Mainstreaming Renewables Through Storage in the Philippines: Scenarios to Accelerate the Energy Transition” has found that the Philippines is already ready to “firm-up” variable output from renewable energy (RE) with use of battery energy storage systems (BESS) for all-day (baseload) or majority of working hours in a day (mid-merit). […]

Back in May, CSV released an article outlining the case for coal retirement pilots at the asset level. We argued that pilots offer a practical way of generating live, real-world experience for how such transactions can actually be designed and executed to fit emerging markets and developing economies (EMDEs). We shared three principles that would be essential to get “coal retirement going”: […]

Climate Smart Ventures (CSV), a transaction advisory firm specializing in catalyzing capital for Asia’s energy transition, has commenced a comprehensive study to uncover technical, commercial and regulatory pathways for the mainstream adoption of storage and its accelerated deployment in the Philippines. […]

Since COP26, interest in coal retirement has grown tremendously with various reports, feasibility studies, and commentary now under circulation. The latest IPCC report makes it clear that this decade is the “now or never” timeline to establish a resilient future that safeguards the 1.5 Centigrade temperature threshold set by the Paris Agreement. […]

On 4 November 2021, the European Climate Foundation (ECF), Climate Smart Ventures (CSV), Carbon Trust, RMI and International Network of Energy Transition Think Tanks (INETT), with the support of the IKEA Foundation and the Growald Climate Foundation launched a new global initiative called the Coal Asset Transition Accelerator (CATA) at the 26th United Nations Climate Conference (COP26). […]

Decarbonizing the energy sector requires urgent action at the global level and while a global energy transition is making progress, further action is needed to accelerate the reduction of carbon emissions and mitigate the effects of climate change. […]

Technological advances and lower capital costs have made renewable energy a mainstream energy market in Southeast Asia. The boom in green investment in Asia is unmistakable, and the continent has set its sights on dominating the global renewable energy stage in terms of new capacity additions, technology development, and energy demand. […]

The energy transition is well underway and has reached a stage where free markets are supporting its course. COP26 is an opportunity for a reboot, a redesign, and a chance to remove distortions that hinder an orderly energy transition. But why? […]