Winner | Asian Digital Media Awards 2024

Making financing fair and just

Civil society, financial institutions and governments need to work together to ensure a green and inclusive economy.

Brought to you by:

The story of the Cirebon 1 coal power project is symptomatic of the obstacles in Indonesia’s coal phase-out plan. As the first pilot for the Asian Development Bank (ADB)’s Energy Transition Mechanism (ETM), Cirebon 1 may be decommissioned 10 to 15 years earlier than planned, but its environmental and social impacts remain unaddressed, while a new plant is being built nearby.

7 Feb 2023

EB Studio The journey from fossil fuel dependence to renewable energy sources for Asian countries is fraught with complications for those who work in and live around energy-related industries, and requires a massive amount of financial capital.

A coal-fired power station at Lamma Island, Hong Kong, China.

EB Studio Most Asian countries’ NDC commitments are not sufficiently aligned with the Paris Agreement target to limit global temperature rise to 1.5°C, a study by Fair Finance Asia finds.

EB Studio Research finds that financial institutions in the region are largely silent on conflicts over land rights. Most do not consider, in their lending and investment practices, whether women farm workers are treated unequally or if general labour conditions are fair.