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Press Releases
On 8 July, President Masa has announced ADB’s alignment with the Paris Agreement. ADB aims to align 100% of its sovereign operations and 85% of its nonsovereign operations by 1 July 2023. ADB’s nonsovereign operations will also have achieved 100% alignment two years later by 1 July 2025.President…
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SDCD’s Virender Duggal shares his insights about the role of carbon pricing in the overall climate policy architecture. Carbon pricing can be a lever that can help alter behavior by serving as incentive for a more efficient and sustainable practices.
Press Releases
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)…
Press Releases
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…
Press Releases
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 …
Press Releases
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…
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,…
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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…
Press Releases
The Geothermal Power Generation Project that will help increase Indonesia’s geothermal power generation capacity by 110 megawatts was approved on 28 May 2020. The $300 million loan will finance the construction and commissioning of two geothermal plants at Dieng in Central Java and Patuha…
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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…