Energy Transition Mechanism The Asian Development Bank (ADB) led Energy Transition Mechanism (ETM) presents a solution to achieve the aspirational targets of South East Asian nations to mitigate climate change. The ETM is a new initiative in which blended finance is used to accelerate the retirement or repurposing of coal-fired power plants (CFPPs) to replace them with cleaner, more renewable sources of energy. ADB believes the ETM has the potential to be one of the biggest carbon reduction programmes in the world.