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-resilient development.

The Energy Sector Group will present the guidance notes on gas and waste to energy projects at the Across-the-Board Session on the week of 18 July. The presentation will be led by Energy SG Chief Priyantha Wijayatunga. Select members of ADB management and staff will also attend as observers. The preparation of the guidance notes on selected technologies follows the requirements set forth by the 2021 Energy Policy.

Global energy investment has been projected to grow by 8% in 2022 by the International Energy Agency. This increase is said to be driven by clean energy investments in both renewable energy and energy efficiency that recorded a faster rate of increase at 12% since 2020 compared to 2% in the first 5 years since the Paris Agreement was signed in 2015.

While heartening to learn of this record rate of growth in global energy investments, there are worrisome details  that are notable:

Clean energy is still relevant as ever particularly at this point in history when the world is losing time to change gears and drive towards net-zero emissions. More than 3,000 people including policy makers, energy experts, private sector, and other stakeholders joined the Asia Clean Energy Forum (ACEF) 2022 held virtually from 14 to 17 June.

President Masa will deliver the Welcome Remarks at the Opening Plenary of the 17^th Asia Clean Energy Forum.

On 1 June 2022, the Energy Transition Mechanism Partnership Trust Fund (ETMPTF) was established under the Clean Energy Financing Partnership Facility (CEFPF). The multi-partner trust fund was designed to catalyze public and private capital to accelerate the transition from carbon-intensive coal-based power plants to clean energy in Asian Development Bank’s (ADB) developing member countries (DMCs) to reduce greenhouse gas emissions.  

Our very own Energy SG Chief, Priyantha Wijayatunga shares his thoughts about the great task ahead. In this article, he talks about the brass tacks of overcoming the challenges, taking the opportunities, and realizing the aspirations of the energy transition. 

Our very own Energy SG Chief, Priyantha Wijayatunga shares his thoughts about the great task ahead. In this article, he talks about the brass tacks of overcoming the challenges, taking the opportunities, and realizing the aspirations of the energy transition. 

Our very own Energy SG Chief, Priyantha Wijayatunga shares his thoughts about the great task ahead. In this article, he talks about the brass tacks of overcoming the challenges, taking the opportunities, and realizing the aspirations of the energy transition. 

The 10 member economies of the Association of Southeast Asian Nations (ASEAN) are among the world’s fastest-growing.