At the 27th Convention on Climate Change (COP27) held in Sharm el-Sheikh, Egypt, the Government of Canada approved an additional $5 million to support clean energy ambitions across Southeast Asia. This contribution to ETP will greatly benefit the region’s efforts to meet climate goals over the next decade
“Canada is supporting developing countries’ climate action and helping them achieve their climate goals by investing in renewable energy projects.” “The Government of Canada’s contribution of $5 million comes at a critical time to support The South East Asia Energy Transition Partnership’s work in phasing out coal in Indonesia, the Philippines and Vietnam. We look forward to accelerating progress on the path towards a world without coal-fired electricity.”
The announcement was made at an event hosted by the Government of Canada , where ETP, OECD, the International Energy Agency, the World Bank and the Climate Investment Funds joined forces to discuss the importance of multilateral cooperation on energy transition through targeted climate finance.
“Thanks to Canada’s sustained support for energy transition and its confidence in ETP, the additional financing will contribute to the joint efforts of helping Indonesia, Philippines and Vietnam transition from using fossil fuels to renewable sources of energy to advance climate action.” said Sirpa Jarvenpaa, Director of the Southeast Asia Energy Transition Partnership.
Over the next 10 years, ETP, supported by UNOPS, will drive efforts to pursue energy transition at the regional, national and local levels. This will be achieved by aligning policies with climate commitments, de-risking renewable energy and energy efficiency investments, and building sustainable and resilient infrastructure. In addition, the development of country ownership, inclusive governance, and private sector mobilization will be prioritized to create an enabling environment for just transition and a green and healthy future for all.
“Increasing access to renewable energy and ensuring energy security is critical to improving the lives of people across Southeast Asia.”, concluded Sirpa Jarvenpaa.The development of multilateral collaboration will continue to be central to the work of ETP in extending the support available for Southeast Asian economies as they transition to clean energy which is equitable and reliable for all.
Jo Tyndall, Director, Environment Directorate, OECD,
Dr. Fatih Birol, Executive Director, International Energy Agency,
Mafalda Duarte, CEO of the Climate Investment Funds (CIF),
Dr. Demetrios Papathanasiou, Global Director for the World Bank’s Energy and Extractives Global Practice,
Sirpa Jarvenpaa, Director of Southeast Asia Energy Transition Partnership,
Catherine Stewart, Canada’s Ambassador for Climate Change,