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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?

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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

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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.

How Economic Instruments Can Improve Air Quality in Asia

Articles
In this summary of the chapter on air pollution of Greening Markets: Market-Based Approaches for Environmental Management in Asia, the authors provide an overview and assessment on the suitability of using different market-based instruments to address air pollution caused by energy production,…

ADB Announces $6.5 Billion Initial Response to COVID-19 Pandemic

Press Releases
MANILA, PHILIPPINES (18 March 2020) — The Asian Development Bank (ADB) today announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic."This pandemic has become a major global…

Businesses need to take a green path to recovery after COVID-19

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There is no going back to the old order. Doing business as usual is no longer an option in light of the COVID-19 pandemic. The authors posit that investments in ‘green sectors’ such as sustainable agriculture, renewable energy, green buildings, etc. is the way to go.

Cambodia is making strides on the long road to low-carbon economic growth

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Despite the country’s minimal share (at 0.02%) to global greenhouse gas emissions. Cambodia stands vulnerable to the adverse effects of climate change such as flooding and extreme weather events. CARM’s CD Sunniya Durrani-Jamal, together with Economist Darren Byers lays down possible pathways for…

Project evaluations show that greater energy access leads to income and education gains

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IED’s Ari Perdana, et al. provides more empirical evidence on the correlation between energy access, income, and education. Their study finds that programs that increase electricity access led to slight improvements in both income and education measures with the largest gains observed in…