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Building on the momentum and success from the first inaugural equity fund, ADB Ventures is setting up a second investment fund to address ongoing market financing gaps to support early-stage and growth companies in scaling up their operations. According to the ADB Ventures newsletter, the new fund will offer debt-based products to enhance the operations of climate-focused companies.
 
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The Philippines remains acutely vulnerable to climate change and challenges for financing climate actions are made worse by the COVID-19 pandemic. In 2021, the Philippine government announced its new climate targets in the Nationally Determined Contribution under the Paris Agreement, committing to 75% reductions in GHG emissions from 2020 to 2030. This is the most ambitious target among the ASEAN countries. The government has requested the development of a cross-sectoral climate change policy-based loan to drive economy-wide climate action in the country.
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The Board will discuss today the working paper of the proposed new Energy Policy. After conducting a series of pre-Board meetings, we hope this Board meeting will facilitate a consensus around the spirit and direction of the new Energy Policy which will guide energy sector operations in addressing the needs of ADB developing member countries (DMC) and supporting their clean energy transition in particular. Board consideration for the R-paper of the proposed new Energy Policy is scheduled for 20 October.
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In this summary of the chapter on air pollution of Greening Markets: Market-Based Approaches for Environmental Management in Asia, the authors provide an overview and assessment on the suitability of using different market-based instruments to address air pollution caused by energy production, industry, transport, and household fuel use in Asia. Recommendations and enabling conditions are provided for the use of specific interventions for more efficient and effective air quality management.
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The working paper for the proposed new Energy Policy is scheduled on the Board agenda for 6 September. After almost one year, 28 consultations with external stakeholders consisting of civil society organizations, energy experts, and other organizations, 8 meetings with government capitals, and 4 meetings with some of the members of the Board, the W-Paper for the new Energy Policy has been prepared based on the updates made on the initial draft in May that incorporated the feedback and outcomes of the consultations conducted.
 
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This future, indeed, can be realized according to KARM CD Nariman Mannapbekov and ERCD’s Aimee Hapnel, in this blog that proposes that renewable energy, innovation, and investment can ensure a low-carbon future in Kazakhstan without having to sacrifice the economic and social welfare of its people.
 

  

 

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