#ADB News
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
At the G20 summit, the Energy Transition Mechanism Country Platform was launched and developed countries led by the United States and Japan also announced a US$20 billion package to Indonesia to help fund the coal-dependent country’s shift to renewable energy.
As the Asian Development Bank embarks on a review of its policies on labourers and communities affected by its projects, advocates score its existing one for lack of public consultation and binding mechanisms.
Policy & Finance
COP26 signatories must shift US$28 billion annually from fossil fuels to deliver climate promises
Some 34 countries signed a statement at last year’s climate talks to end new financing for fossil fuels by the end of 2022. But so far, only a handful of them have updated policies that turn these pledges into action, new research found.
Carbon & Climate
South and Central Asia reel under early heatwave
#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
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
