Reviewing ADB’s Energy Policy to Meet the Paris Goal of 1.5 Degrees Celsius
05 May 2021
While climate disasters are plaguing the world, ADB has spent roughly US$10 billion on fossil fuels under its 2009 Energy Policy. Considering ADB’s historical responsibility to the climate, the current Energy Policy review provides the opportunity to significantly shift its role as an Asian climate finance bank and help to borrow governments meet the Paris Agreement on Climate Change goal of limiting global temperature rise to 1.5°C. The NGO Forum on ADB explored the political appetite among donor countries for a fossil-free ADB and developing Asia, and unpack the pitfalls of false solutions in climate finance.
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This session was part of ADB's 54th Annual Meeting Civil Society Program (CSP) program.
Program and Learning Materials:
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 05 May 2021 | Statement by Panelist: Speaker 1 |
ADB's New Energy Policy Review of ADB's new Energy policy and a call for a fossil-free ADB and fossil-free Asia and the Pacific. |
Glenn Ymata |
| 05 May 2021 | Statement by Panelist: Speaker 2 |
Leaving Behind ADB's Dirty Energy CEED presented some reflections and recommendations for ADB. |
Avril de Torres |
| 05 May 2021 | Statement by Panelist: Speaker 5 |
WTE in ADB’s Energy and Policy Program: Undermining Climate Mitigation and a Circular Economy Presentation of studies that report on ADB's considerable carbon footprint in the region. |
Jorge Emmanuel |
| 05 May 2021 | Graphic Recording |
Reviewing ADB’s Energy Policy to Meet the Paris Goal of 1.5 Degrees Celsius Highlights of the session |