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Taxing emissions in Singapore

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Singapore’s carbon tax is designed to maximize green investments while minimizing negative effects on the overall economy.Carbon pricing is gaining growing recognition as an effective instrument to reduce greenhouse gas emissions and meet the 2 °C goal set by the Paris Agreement. The most common…

The battle against climate change will be won in Asia and the Pacific – President Masa

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“COP26 made several promising steps forward in uniting the world, and the Asia and the Pacific region, to take stronger action against climate change. I was personally encouraged by the spirit of collective determination and willpower I saw at COP26 to solve what is the critical issue of our…

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.…

Call for proposals under AIDF

Press Releases
The Artificial Intelligence and Digitalization Innovation Fund (AIDIF) is the latest trust fund to be established under the Clean Energy Financing Partnership Facility (CEFPF). The AIDIF aims to develop clean energy technologies utilizing innovative and promising artificial intelligence and…

CEFPF Supports Two New Technical Assistance

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On 30 September 2021, the Climate Change Steering Committee authorized the allocation of $2.5 million in funding support from the Canadian Climate Fund to the Private Sector in Asia (CFPS) and the Carbon Capture and Storage Fund (CCSF) under the Clean Energy Financing Partnership Facility (CEFPF)…

External Evaluation of the Clean Energy Financing Partnership Facility

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An external evaluation of the performance of the Clean Energy Financing Partnership Facility (CEFPF) will be conducted in 2022 as requested by the financing partners. The external evaluation will assess how effective CEFPF is in helping ADB achieve its clean energy goals, while also meeting…

$66 billion climate finance committed by MDBs in 2020

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Major multilateral development banks including ADB committed $66 billion in 2020 from $61 billion in 2019. Around $38 billion (58% ) has been committed for low to middle-income countries. This is according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance …

ADB Raises 2019–2030 Climate Finance Ambition to $100 Billion

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President Masa on 13 October announced the increase in ADB climate finance target from $80 billion to $100 billion from 2019 to 2030. About $17 billion in climate finance is expected to be registered for 2019 to 2021.The additional $20 billion will provide support for the climate agenda in five…

ADB Ventures raising funds for new debt fund

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Building on the momentum and success from the first inaugural equity fund, ADB Ventures is setting up a second investment fund to address ongoing market financing gaps to support early-stage and growth companies in scaling up their operations. According to the ADB Ventures newsletter…

ADO 2021 emphasizes green and inclusive financing in building back better and sustainably

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On 28 April, the Asian Development Outlook 2021 was released. The report stresses the importance of green and social finance in ensuring inclusive, resilient and sustainable recovery for Asia and the Pacific Region from the coronavirus pandemic.ADO 2021 outlined the role of different players in…