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Build green to help fend off the next pandemic

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Colleagues from SERD asserts in the blog the need to integrate green financing principles and incentives into infrastructure investment instruments and structures to strike a balance between economic, social and environmental sustainability. 

Energy accounts 44% of ADB climate finance in 2020

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Total climate finance in 2020 reached $5.3 billion consisting of ADB resources and co-financing, falling from $7 billion in 2019. The share of climate investments in energy across energy, multisector and other sector’s projects is 44%. A large part of these investments or 96% came from mitigation…

Q&A: Funding green recovery in Southeast Asia

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See how ADB supports a green, resilient, and inclusive recovery in the region, incorporating climate and environmental sustainability through the support from the Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility (ACGF) in this Q&A.

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-…