Reviewing ADB’s Energy Policy to Meet the Paris Goal of 1.5 Degrees Celsius 5 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. For more information, click here. This session was part of ADB's 54th Annual Meeting Civil Society Program (CSP) program. Program and Learning Materials 05 May 2021 Session / Activity Title Speaker(s) 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 Statement by Panelist: Speaker 2 Leaving Behind ADB's Dirty Energy CEED presented some reflections and recommendations for ADB. Avril de Torres 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 Graphic Recording Reviewing ADB’s Energy Policy to Meet the Paris Goal of 1.5 Degrees Celsius Highlights of the session Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Event Coordinator/s Christopher Morris Related Full Agenda ADB Organizer/s Climate Change and Sustainable Development Department Read Also 54th Annual Meeting of the Board of Governors of the Asian Development Bank MAIN PAGE: Civil Society Program Annual Meeting 2021 Highlights ADB and Civil Society Website ADB Forum Partner Organization/s NGO Forum on ADB Topics Civil Society Climate Change Energy Public-Private Partnership Regional Cooperation and Integration