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In order to spur meaningful energy transition and coal retirement in Asia, captive power and captive power plants must not be ignored. Captive power plants contribute significantly to the electricity sector in many emerging and developing economies. According to Global Energy Monitor, captive power plants are “a major driver of new coal plants worldwide,” including in some parts of Asia.

A consortium led by Climate Smart Ventures (CSV), composed of the Makati Business Club (MBC), Jacobs Engineering, and the UPecon Foundation, and supported by the Rockefeller Foundation, launched a series of reports outlining the findings of its scoping study on just energy transition in the Philippines. The study, which officially began in January 2023, was undertaken in close consultation with the Philippine Department of Energy (DOE) as well as key Philippine energy and financial sector regulators.

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