Key Publication

Launched on November 27, 2024, Fair Finance Asia's (FFA) new report, Towards a Gender-Transformative Energy Transition in Asia,  reveals critical gaps in the consideration of gender equality and women’s empowerment in the early retirement of Cirebon 1 coal-fired power plant (CFPP) in Indonesia. The early retirement of Cirebon 1 is the first transaction under the Asian Development Bank’s Energy Transition Mechanism (ADB ETM).

Endorsed by Climate Action Network Southeast Asia (CANSEA), Global Alliance for Incinerator Alternatives (GAIA), Reclaim Finance, Recourse, Reality of Aid Asia-Pacific (RoA-AP), and Fair Finance International (FFI), FFA’s assessment considers Cirebon 1 an important case study for how the ADB’s ETM model identifies and assesses gender issues, and whether the ETM promotes gender equality and women’s empowerment. FFA urges the ADB to address the critical gaps in the gender considerations of the ADB’s ETM pilot in Cirebon 1, as a basis for improving the ETM’s implementation in other pilot countries.   

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Growing Network of Civil Society Coalitions and Partners​

The FFA network brings together Asian civil society organizations that come from diverse backgrounds and expertise on sustainability themes and financial sector advocacy. FFA also works with like-minded regional and international partner organizations that support our work in sustainable finance research and advocacy.

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About Fair Finance Asia

Fair Finance Asia (FFA) is a regional network of Asian Civil Society Organizations (CSOs) committed to ensuring that financial institutions’ funding decisions in the region respect the social and environmental well-being of local communities.

In doing so, we see a role for banks to actively contribute towards reversing social injustice and environmental destruction, as well as for financial regulators and supervisors to play a critical role in making banks move swiftly in a sustainable direction.

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