Adb News
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Sorting out the messy economics for a fair climate transitionThe region's multilateral development banks and state investment funds appear to be in flux about how money is raised and funnelled towards the energy transition with carbon pricing splitting views. -
Asian Development Bank announces plans at COP26 to partner with investors to buy and retire coal power plantsPolicy & Finance
Asian Development Bank announces plans at COP26 to partner with investors to buy and retire coal power plants
The ADB unveiled at the climate summit its Energy Transition Mechanism, a private sector-led initiative to retire existing coal power plants. But climate groups call the scheme “premature and unclear.”
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ADB to increase climate finance to US$100 billionThe Asian Development Bank has pledged to elevate climate financing by US$20 billion to US$100 billion by 2030. But the UN's António Guterres said that "much more is needed" as development banks have a crucial role to play in the world's low-carbon transition. -
The scramble by poorer nations for unmet climate financeFunding climate-vulnerable countries is likely to dominate COP26 in November. Eco-Business explores how poor countries access funds amid rich contributors falling short of their pledges.
Adb Opinion
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Retiring or repurposing Asia’s coal plants: why owners must plan and act now– 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. -
Could Thailand’s renewables sector benefit from Covid-19?– The Covid-19 pandemic has hit the energy industry hard. Although renewables appear to be showing resilience, it is not without obstacles. -
Asean's road to a green economic recovery– Faced with a grim economic outlook, how can Asean member states include the clean energy transition in their Covid-19 recovery plan?
Videos
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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
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