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Climate Risk Profile: Philippines

Press Releases
This publication synthesizes climate characteristics and projections, vulnerability to natural hazards, sectoral climate change impacts, and adaptation priorities in the Philippines. It outlines rapid onset and long-term changes in key climate parameters, as well as the impact of these changes on…

CEFPF 2020 Annual Report and 2021 Annual Work Program Prepared

Press Releases
In fulfillment of the agreement with the financing partners, the Clean Energy Financing Partnership Facility (CEFPF) 2020 Annual Report and 2021 Annual Work Program were submitted on 25 February 2020. The annual report highlights the fund allocations to 11 projects amounting to $12.0 million in…

Energy Access and Transition for South and Southeast Asia Fund created with $35 million contribution from GEAP

Press Releases
On 14 April, ADB together with the Global Energy Alliance for People and Planet (GEAPP) announced the $35 million funding for energy access and energy transition in South and Southeast Asia through the upcoming GEAPP Energy Access and Transition Trust Fund (GEATTF). The funding facility will be…

Central West Asia Region’s Largest Wind Development Project Signed

Press Releases
The Bash and Dzhankeldy Wind Power projects were signed on 24 April 2023 in Tashkent, Uzbekistan between ADB and ACWA Power Company (ACWA). A total of $174 million worth of loans will develop the Bash wind power and Dzhankeldy wind power plants, both located in the Bukhara region in Uzbekistan.…

Innovative Finance Facility for Climate in Asia and the Pacific launched at the ADB Annual Meeting

Press Releases
IF-CAP is a landmark program that is expected to significantly galvanize support to fight climate change in the region. Initial partners, Denmark, Japan, the Republic of Korea, Sweden, the United Kingdom, and the United States are in discussions with ADB about providing a range of grants for…

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…

$1 billion low-carbon transport project in the Philippines approved

Press Releases
On 29 June, the Board approved the $1 billion Davao Public Transport Modernization Project that will be the first to deploy electric bus fleets that will help the Philippines reduce greenhouse gases and further push its climate agenda.
 
The project will finance the procurement of 1,100…

Developing countries face $4 trillion investment gap in SDGs

Press Releases
Some staggering numbers and storylines came out of the World Investment Report 2023 published by the UN Conference on Trade and Development (UNCTAD) on 5 July 2023 which should put efforts for the clean energy transition in perspective. Developing countries need about $4 trillion annually if they…

Your Questions Answered: Why are Energy Prices High and How Can They be Reduced?

Press Releases
CWEN’s Kelly Hewitt shares her insights on what is behind the high energy prices, how long the world will endure it, and the options it has at its disposal. Get the details in this Q&A.

ADB approves project that will digitize the Uzbekistan power network

Press Releases
On 10 July, ADB approved the Power Transmission Grid Enhancement Project for Uzbekistan that will utilize $125 million loan to help transform the country’s power transmission grid, increase energy efficiency, and integrate more renewable energy.
The load for the Digitize to Decarbonize – Power…