PRCM’s Xinjian Liu opines in this blog that PRC’s energy clean energy transition requires harnessing the fullest potential of energy efficiency, shifting to new sources of energy outside of coal, and behavioral change in the way people consume energy.The move to clean energy and carbon neutrality in the People’s Republic of China will require conservation, conversion to new energy sources beyond coal, and changing people’s energy consumption habits. 

The authors investigate the factors affecting the surge in energy prices in recent days which have also increased electricity prices in major parts of the world. Gas, coal, and electricity prices increased to levels never seen in a long time. Analysis points to the sudden ramp-up of economic activity following a massive lockdown for most of 2020 and supplies not being able to promptly meet demand.

A group of remarkable women from Chaung U, Myanmar, redefined adversity as just an inconvenience, with opportunities lurking around the corner. In the process of developing their successful cookstoves businesses, they became role models for other women and demonstrated that perseverance is key for a happy ending.

IEA presents a snapshot of the state and status of carbon capture over the past decade in this commentary. While the sector showed signs of slowing down, thereis some measure of optimism to be expected in the coming years based on the project pipelines due to come online in the offing. This “resurgence” is apparently driven by the critical role of CCUS in meeting net-zero goals, increasing interest in low-carbon hydrogen, and improved investment environment for CCUS.

A technical assistance was approved in July to support developing member countries in Southeast Asia to phase out coal-fired generation plants and accelerate clean energy deployment in the region. One of the outputs of the TA is a feasibility study on the establishment, structure, mechanics, and governance of an Energy Transition Mechanism (ETM) that will facilitate the early decommissioning of coal-fired plants in the region. The ETM entails a concerted effort among various players including ADB, commercial banks, the private sector, and governments.

ADB approved a loan that will modernize the power distribution system in Timor-Leste and strengthen the utility, Electricidade de Timor-Leste in the amount of $35 million. The loan will help provide sustainable, reliable electricity to 12 municipalities in the country.The Power Distribution Modernization Project is ADB’s first power sector project in Timor-Leste. It will install 140,000 smart meters and utilize prepaid cards to manage household electricity consumption.

Since it was the HLT Fund was established in 2017, it has supported 12 investment projects, 37 technical assistance projects, and 23 direct charges.

Following the launch of the Energy Transition Mechanism (ETM) on 3 November, the Government of Japan (GOJ) announced a grant of $25 million toward the Energy Transition Mechanism (ETM) partnership led by ADB.

On 4 May, the draft Energy Policy paper was circulated to the members of the ADB Board for their and capitals’ review.

The Board, on 20 September approved increased financing of $60 million for the Electricity Grid Modernization Project in Nepal. The additional investments aim to increase electricity consumption per capita to 700 kilowatt hours by 2026 through the expansion of the transmission capacity and distribution networks in the country.The additional financing will support the construction of 16 kilometers of 132-kilovolt transmission lines from Nepalgunj to Kohalpur and from Chovar to Lagankhel.