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$35 trillion is needed for a successful energy transition

Press Releases
 
According to the preview of the IRENA World Energy Transitions Outlook, the energy transition if off-course. Current plans and pledges fall below IRENA’s 1.5°C pathway and will result in an emissions gap of 16 gigatonnes in 2050. While global investments in energy transition…

What we mean by the battle against climate change will be won or lost in Asia and the Pacific

Press Releases
The Asian Development Outlook (ADO) breaks down the role of Asia and the Pacific region in what could be the greatest challenge faced by humanity. Asia in the Global Transition to Net Zero explores what a global net-zero transition could mean for developing Asia. It models emission pathways based…

Update on ADBs Energy Transition Mechanism April 2023

Articles
Key Takeaways:

 Significant progress is continuing with ADB’s ETM pilot countries: Indonesia, the Philippines, Viet Nam, and now Pakistan and Kazakhstan.
 ADB is working extensively with stakeholders in each of the countries on their pre- and full-feasibility studies, including on…

Asia in the Global Transition to Net Zero Asian Development Outlook 2023 Thematic Report

Reports and Publications
This report models emission pathways based on commitments and pledges under the Paris Agreement and compares them with more optimal routes to net zero. It examines required transformations in the energy sector and land use and assesses socioeconomic implications. The report looks at policy costs,…

ADB approves project to digitalize Uzbekistans power network

Press Releases
The Distribution Network Digital Transformation and Resiliency Project was approved by the Board on 20 September 2023. The $200 million loan will help Uzbekistan’s power system reduce losses, enhance reliability of supply, and improve energy efficiency.
The project will upgrade 26 distribution…

ADB Approves ASSURE project in the Maldives

Press Releases
The Accelerating Sustainable System Development Using Renewable Energy (ASSURE) Project was approved by the ADB Board on 12 September 2023. This project builds on previous interventions by ADB, Preparing Outer Islands for Sustainable Energy Development (POISED) and subsequent additional…

Nonsovereign Commercial and Industrial Rooftop project signed

Press Releases
On 11 September, ADB and GreenYellow Smart Solutions Vietnam Co., Ltd. signed a $13.8 million loan agreement to install rooftop solar photovoltaic (PV) systems on the rooftops of commercial and industrial businesses in Viet Nam. ADB is the mandated lead arranger of the financing package that…

Electric Buses to Reduce Air Pollution in Bishkek

Videos
The Urban Transport Electrification Project, which comprises a $25 million loan, a $25 million grant, and $650,000 in cofinancing from the High-Level Technology Fund, will finance the purchase of 120 modern, battery-electric buses that will replace outdated diesel and trolleybuses in Bishkek. The…