Displaying 1 - 10 of 162

Global emissions expected to surge with only 2% of global recovery spending going to clean energy - IEA

Press Releases
A large portion of the $16 trillion fiscal spendings by governments all over the world to get their economies on track from the COVID-19 pandemic has been concentrated on providing emergency financial relief for households and firms. The dismal level appropriated for clean energy interventions are…

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…

ADB to heighten its focus on adaptation and resilience to climate change

Press Releases
In one of the special events during this year’s Annual Meeting on 4 May, President Masa announced that ADB will build up its response to the adverse impacts of climate change through increased focus on adaptation and resilience.Through a holistic approach and on top of making physical…

Technology challenge for a disease-resilient and energy efficient centralized air conditioning systems launched

Press Releases
The Energy SG under one of its technical assistance projects has called an innovation challenge for smart digitalization and applications in disease-resilient and energy-efficient centralized air-conditioning (CAC) systems in public buildings of ADB developing member countries. Up to $295…

TA to support clean, resilient, and energy-efficient centralized air-conditioning system approved

Press Releases
A $1 million regional Knowledge and Support Technical Assistance project was approved on 12 September to help ADB DMCs improve energy efficiency, mitigate the risks of virus transmission, and ensure safe working conditions in public buildings through the deployment of efficient, clean, and smart…

ADB Ventures puts stake in energy efficiency investments in India

Press Releases
On 17 March ADB Ventures announced its first investments: in an electric vehicle company and an energy efficiency-as-a-service company for large hospitals, and commercial buildings both based in India.Euler Motors Pvt. Ltd., based in India, is an electric vehicle manufacturer and fleet operator…

Call for proposals under AIDF

Press Releases
The Artificial Intelligence and Digitalization Innovation Fund (AIDIF) is the latest trust fund to be established under the Clean Energy Financing Partnership Facility (CEFPF). The AIDIF aims to develop clean energy technologies utilizing innovative and promising artificial intelligence and…

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 …