Displaying 21 - 30 of 57

CEFPF Annual Consultation Meeting Held

Press Releases
The 14th Annual Consultation Meeting (ACM) for the Clean Energy Financing Partnership Facility (CEFPF) was held on 17 November 2021. The Chief of Energy Sector Group Priyantha Wijayatunga welcomed representatives from the Governments of Australia, Japan, Norway, Spain, Sweden and the United…

Clean Energy Financing Partnership Facility Update

Press Releases
The Philippines remains acutely vulnerable to climate change and challenges for financing climate actions are made worse by the COVID-19 pandemic. In 2021, the Philippine government announced its new climate targets in the Nationally Determined Contribution under the Paris Agreement, committing to…

MDB climate finance reached $61 billion in 2019

Press Releases
Based on the 2019 Joint Report on Multilateral Development Banks’ Climate Finance, seven of the world’s largest multilateral development banks (MDBs) including ADB, were able to mobilize $61.6 billion in 2019, with $41.5 billion (67%) for low- and middle-income economies.Of the total amount,…

New Trust Fund under CEFPF to Accelerate Artificial Intelligence and Digitalization Technologies for Clean Energy

Press Releases
The ADB and the Government of the United Kingdom, acting through the Department of Business, Energy and Industrial Strategy, signed an agreement to establish the Artificial Intelligence and Digitalization Innovation Fund (AIDIF) under the CEFPF with an initial contribution of £10 million…

Which financing sources matter for private investment in renewable energy in Asia?

Recommended Reads
ADBI’s Dina Azhgaliyeva, John Beirne, and Ranjeeta Mishra share their views on how best to fill the financing gap in renewable energy investments in the region in this blog. They assessed which among the different types of financing: asset finance, corporate research and development (R&D),…

Build green to help fend off the next pandemic

Recommended Reads
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

Recommended Reads
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

Recommended Reads
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.

ADB Ventures – ADB’s new impact-technology platform

Press Releases
In early 2020, ADB launched its first venture investment platform, ADB Ventures. It’s a venture capital investor with a difference. Like all VC investors, ADB Ventures will pursue commercial returns, but it will target investments in companies and technologies that deliver development impact…

Green Climate Fund allocates $300 million for ADB’s first Green Recovery Program in Southeast Asia

Press Releases
On 19 March the GCF Board approved $300 million allocation for the Green Recovery Program under the ASEAN Catalytic Green Finance Facility Fund that is being managed by ADB to help Southeast Asia embark on a climate-resilient, environmentally sustainable economic recovery from the coronavirus…