On 4 May, the draft Energy Policy paper was circulated to the members of the ADB Board for their and capitals’ review. The draft Policy paper was also made available online on 7 May as part of the broader consultation process.A series of consultations will follow the disclosure of the draft Policy paper involving stakeholders from developing member countries, multilateral development banks, civil society organizations and other institutions.From the initial consultations conducted starting from 2019 to date, discussions have largely gravitated around the scope and extent of financing fossil-fuel based energy. And in recent months, the topic on Paris alignment has increasingly gained traction during the dialogues. It is expected that more and diverse views will be generated after the public disclosure of the draft Policy paper. The consultations will run from now until June after which the draft will be revised and made ready for Board consideration by October 2021.