Climate Smart Ventures congratulates GFANZ for launch of Coal Managed Phase Out Guidance at COP28

Climate Smart Ventures congratulates GFANZ for launch of Coal Managed Phase Out Guidance at COP28

Picture of Joyce Almadrones, Senior Associate

Joyce Almadrones, Senior Associate

Picture of Joyce Almadrones, Senior Associate

Joyce Almadrones, Senior Associate

Climate Smart Ventures is proud to have supported the development of GFANZ’s “Financing the Managed Phaseout of Coal-Fired Power Plants in Asia Pacific” Guide that was released at COP28.

CSV was engaged in early 2023 to support the Glasgow Financial Alliance for Net Zero (GFANZ) APAC Network Secretariat in developing, synthesizing, and incorporating feedback from members and partners to produce recommendations for financial institutions to support accelerated coal phaseouts as part of a just net-zero transition.

CSV believes the report can set the right tone for introducing credible yet practical guidance tailored towards empowering first-mover financial institutions, portfolio owners and sponsors in Asia pursue managed coal phaseout transactions that can then snowball towards unlocking avoided emissions at scale and accelerate the wave of increasing renewables ambition happening across the board.

Read the report here: https://bit.l y/46OxzdE