Displaying 1 - 10 of 29

Financing Clean Energy in Developing Asia, Vol. 2

Reports and Publications
This book examines clean energy financing and approaches in hydropower and demand-side energy efficiency projects, along with policies and strategies based on experiences in South Asia. It is the second of the two volumes of books on Financing Clean Energy in Developing Asia produced by ADB. The…

UK Fund helps augment ASEAN Green Recovery Platform

Press Releases
ADB and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million (around $134 million) trust fund to support efforts by Association of Southeast Asian Nations (ASEAN) countries to scale up green financing and shift to low-emission, climate-…

10 Things to Know About the Blue SEA (Southeast Asia) Finance Hub

Press Releases
ADB established the Blue SEA (Southeast Asia) Finance Hub at its Indonesia Resident Mission in November 2021. The Hub is supported by the Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility (ACGF) which was launched in April 2019 to promote green infrastructure…

ADB signs loan to build the largest wind power plant in Central Asia

Press Releases
The $52 million Zafarshan Wind Power Project loan agreement has been signed by ADB and and Shamol Zarafshan Energy Foreign Enterprise Limited Liability Company (SZE), a wholly owned subsidiary of Abu Dhabi Future Energy Company Private Joint Stock Company (Masdar) on 5 September. The loan will…

Sustainable and Inclusive Energy Subprogram 3 Approved

Press Releases
On 24 November 2022, the ADB Board approved the policy-based loan for the third subprogram under Sustainable and Inclusive Energy Program in Indonesia. The $500 million loan will support the country’s energy sector reforms in ensuring fiscal sustainability and governance, increase private sector…

ADB commits to full alignment with Paris Agreement

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…

How Carbon Pricing Can Drive Green Recovery and Growth

Recommended Reads
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.

CEFPF Supports Two New Technical Assistance

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)…

External Evaluation of the Clean Energy Financing Partnership Facility

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…

$66 billion climate finance committed by MDBs in 2020

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 …