#ADB News
The bulk of funding will be used to address intermittency and variability of renewables in off-grid areas, says Asian Development Bank’s energy director Keiju Mitsuhashi. The Philippines alone will require $10 billion to improve its domestic grid.
Multilateral development banks can help derisk the costs of decarbonisation and interconnections, with tech companies like Google playing a key role as large offtakers of clean energy. But the Asean Centre of Energy needs the mandate of the region's leaders to develop feasibility studies and optimisation scenarios.
Carbon & Climate
Domestic implementation key to Article 6-led financing for Asia Pacific amid growing trade barriers: EcoSecurities
EB Studio
The operationalisation of Article 6 at COP29 can be a critical lever to enable Asia Pacific’s transition to a low-carbon economy. Fragmented standards across countries, however, still present implementation challenges amid global geopolitical shifts.
Policy & Finance
Invest in capacity building to plug Asia’s green jobs gap: experts
With one in five green jobs expected to go unfilled by 2030, LinkedIn’s Pei Ying Chua and Microsoft Singapore’s Joey Tan warn of a growing skills gap. They urge businesses to see green investments as strategic, not as a cost.
#ADB Opinion
Carbon & Climate
Can Indonesia avoid becoming Southeast Asia’s carbon dumping ground?
With one of the weakest carbon taxes globally, the region’s largest economy risks becoming the world's leading enabler of carbon leakage, where emissions aren't reduced, just outsourced to nations with weaker policies.
Policy & Finance
Southeast Asia’s frustration with the state of climate finance
The financing gap is huge, but time is short. Given the inadequacy of a promised new climate finance goal, Southeast Asia should look beyond UN-led conferences to crowd in other sources of capital to tackle the climate crisis.
Food & Agriculture
Asean should drive action for agri-food sector after COP29
Following the letdown of COP29, Asean needs to step up and lead the way in controlling emissions from Southeast Asia’s agri-food system.
Given the escalating climate crisis, multilateral lenders must urgently adopt an approach to development aid that emphasises prevention. By incorporating structural vulnerabilities into their allocation formulas, the World Bank and others can strengthen poor countries' resilience and increase fairness, efficiency, and transparency.
Food & Agriculture
When tourism and sustainable agriculture make good bedfellows
#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
