This paper proposes an update to the 2009 Energy Policy—the 2021 Energy Policy—to guide ADB’s energy sector operations. It proposes to focus on those energy operations that are optimally aligned with ADB’s Strategy 2030 and the global commitments that Strategy 2030 supports, including the SDGs, the related Financing for Development agenda, and the Paris Agreement on climate change (Paris Agreement). Energy Policy: Supporting Low-Carbon Transition in Asia and the Pacific