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The response to COVID-19 should also be a response to the climate crisis

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Now is the time to ramp up actions on resilience so that society can beat the COVID-19 crisis while reducing the impact of climate threats.The last few weeks have taken all of us by surprise. We are confined to our homes. Weaknesses in health care systems have been exposed. Jobs are uncertain.…

More projects in the energy sector approved

Press Releases
On 27 November, the South Tarawa Renewable Energy Project in Kiribati was approved with funding $14.7 million from ADB’s Asian Development Fund, Strategic Climate Fund, and New Zealand. The project which is ADB’s first foray into the country’s energy sector aims to reduce the dominance of…

New CWEN Director appointed

Press Releases
Joonho Hwang goes back to where it all started, this time to lead the division and continue the legacies built in years’ past. Upon assumption of office, Joonho will leave the Cambodia Resident Mission where he has been its Principal Portfolio Management specialist since 2018. Joonho holds a…

RBL in Indonesia and a grid modernization project in Nepal have been approved

Press Releases
The ADB Board approved on 24 November the $600 million results-based loan to help the country’s state-owned power company, State Electricity Corporation (PLN) expand electricity access and promote renewable energy in eastern Indonesia. The RBL also includes two grants, at $3 million each, from the…

Sustainable Energy Challenges in Developing Asia

Press Releases
Despite improvements in electricity access in recent years, there are still 155 million people that remain without electricity connections in developing Asia.[1]  This is compounded by the very low rates of access to clean cooking. According to the International Energy Agency (IEA)…

ADB awarded Development Financial Institution of the Year, three energy projects cited

Press Releases
For the third consecutive year, ADB was awarded the Development Financing Institution of the Year by IJGlobal, a leading project finance and infrastructure journal. Four ADB projects, three of which are from the energy sector were also cited for different award categories.The…

Energy SG Chief shares insights on ADB clean energy in latest Bloomberg New Energy Finance interview

Press Releases
Energy SG Chief Yongping Zhai in an interview with Bloomberg New Energy Finance (BNEF) published on 25 February shares his views and insights on how ADB had continued to support its developing member countries amidst the coronavirus pandemic, its contributions to climate finance, and the review and…

World Energy Outlook 2020 to be released this week

Press Releases
The release of the World Energy Outlook 2020 has been scheduled by the International Energy Agency tomorrow, 13 October 2020. This year’s WEO will put the coronavirus pandemic (COVID-19) at the core of its analysis in its outlook, implications, and prospects for energy around the world.The long-…

16 ACEFs Done and Counting

Press Releases
The 16th Asia Clean Energy Forum closed on Friday, 18 June with the message: the time to act is now and there is strength in working together. During the ACEF Opening Plenary, President Masa urged everyone in attendance to take “bold action now and commit wholeheartedly to fighting…

2021 Energy Policy approved

Press Releases
On 20 October, the Board approved the 2021 Energy Policy to help ADB developing member countries accelerate the development of sustainable and resilient energy systems that provide reliable and affordable access for all, foster inclusive economic growth and social development, and support…