Ending Coal, Financing the Future: Advancing a Just Energy Transition through Innovative Mechanisms

​A global shift from fossil fuels to clean energy is underway, yet coal remains one of the most persistent barriers to achieving global climate goals. The IEA warns that unabated coal power must be phased out by 2035 in advanced economies and by 2040 in developing countries. To meet these goals, governments and investors must commit to early and orderly coal phase-out strategies while mobilizing capital toward clean alternatives.

​In Asia, coal continues to dominate power systems and financing flows, but innovative mechanisms are emerging to close the ambition–implementation gap. Among them, transition credits, linking early coal retirement to carbon markets and international finance, offer a potential pathway to attract private investment while maintaining environmental integrity and social fairness. Such mechanisms will be key for countries like Korea to drive regional cooperation and lead credible, finance-driven transition pathways.

​💡 Rountable & Fireside Chat

​🗣️ Speakers to be announced soon