European Climate Foundation, Growald Foundation, Ikea Foundation
Coal Asset Transition Accelerator (CATA) Phase 2: Inception to Implementation
Partners: Carbon Trust, RMI
Background of the Project/ Challenge
The Coal Asset Transition Accelerator (CATA) was incubated by the European Climate Foundation as a pathfinder for cutting edge policy to serve the wider climate community. CATA’s ultimate objective (vision) is to reduce CO2 emissions through the application of CTMs that help transition coal-fired power plants affordably and equitably, while accelerating the deployment of replacement renewable energy. To achieve this goal, CATA has three target outcomes:
- CTMs piloted at plant level in key geographies
- Key decision makers employ strategic approach – incorporating social and technical constraints and considerations – into accelerating CTM deployment
- Global network of experts and active knowledge hub supporting CTM deployment
(Please see: https://europeanclimate.org/wp-content/uploads/2021/11/ecf-press-release-cata.pdf)
What We Did
CSV continues to be a core member of CATA involved in its expansion and contributing to the CTM pilot development and financing initiatives through leading the following functions:
- Transaction technical assistance (TA) partner engagement and selection: Managing the process of identifying and engaging transaction-level pilot as well as a global network of transaction advisory consultancies that could be engaged in delivering TA to stakeholders through CATA.
- Capability and tool development: Further developing a suite of tools that are at the cutting edge of advancing coal retirement and can be deployed to support TA requests.
- Delivering TA to public and private stakeholders (e.g. governments, utilities, FIs) in priority geographies utilizing CATA’s network of global and local delivery partners. Each core organisations’ role will depend on the scope and geography of each TA project.
Outcome
- Expanding CATA to be more finance focused platform with ready set technical and financial advisory frameworks for ease of execution of coal transition mechanisms when ready
- TA delivered to pilot projects and first movers in private sector-led decarbonization initiatives in Southeast Asia
Testimonials
Antonio Mariano C. Almeda
National Electrification Administration Administrator
“I want to emphasize that achieving sustainable energy access in off-grid areas is not merely an option, rather, it is an essential step for building resilient communities and ensuring social equity. This pursuit requires the collective effort of stakeholders across various sectors to make it into a reality.”
Mario Marasigan
Department of Energy Undersecretary
“Think bold, act collaboratively and commit firmly. Let us empower our cooperatives, support our investors, and work together to light up every corner of the country.”
Lawrence Ang
CSV Managing Partner
“This project builds on momentum generated by the Department of Energy leadership towards a more ambitious climate goal and complements the government’s work in transitioning the Philippines towards cleaner sources of energy. It also helps ensure that our off-grid islands are not left behind and are given access to more affordable, reliable, and cleaner electricity.”