#ADB News
The Asian Development Bank, which partnered Indonesia to launch its first coal retirement deal last November, said that completing one of these transactions is key to providing others with a model to follow.
Policy & Finance
ADB’s bid to expand private sector financing for climate goals reignites worries about lack of social safeguards
Watchdog representatives point to the multilateral lender’s wanting track record in ensuring that project-affected communities are adequately consulted when private sector players are involved. The ADB says that a traditional model of lending and grant-making is no longer sufficient to meet funding needs.
This is equivalent to up to six million jobs that could be created in the region by 2050, said McKinsey’s Vaibhav Dua in a presentation at an Asian Development Bank symposium in Bali, Indonesia.
Policy & Finance
Trade body ICMA pushes back on ‘hard regulation’ on greenwash in transition finance
The international association notes that transition finance is often criticised for opening the door to greenwash, but recommends a nuanced approach where firms that need help in shifting away from carbon-intensive activities comply with disclosure requirements instead.
Policy & Finance
Indonesia unveils initiatives to speed up its energy transition
#ADB Opinion
Food & Agriculture
When tourism and sustainable agriculture make good bedfellows
Climate change poses serious challenges to the world’s food system. Implementing sustainable practices can help bolster climate resilience in agricultural production.
How will Asia's energy transition mechanism — potentially the world’s largest CO2 reduction programme — phase-out coal in the energy-hungry region?
Policy & Finance
A bolder carbon target and a serious shift to EVs: what can the Philippines do to hit 2022 climate targets?
As the dust settles following Glasgow’s climate summit, the Philippines needs to take some immediate steps this year so it can achieve ambitious decarbonisation goals.
As governments’ efforts to tackle climate change accelerate, asset owners with significant long-term capital tied up in coal-fired generation will need to reconsider the role of their facilities to avoid their assets becoming stranded.
Carbon & Climate
Asean's road to a green economic recovery
#ADB Videos
Carbon & Climate
Typhoon Haiyan damage underscores cost of climate change
Yeb Saño, head of the Climate Change Commission of the Philippines, attributes typhoon to climate change and calls for international community to implement a 'loss and damage' mechanism
#ADB Press Releases
Asian Development Bank (ADB)
Asean needs to focus on boosting quality of life to build resilient, inclusive community: ADB report
The Blue Circle
Coal is pricing itself for extinction
Asian Development Bank
Asian Development Bank provides US$25 million to help Philippines procure Covid-19 vaccines
