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On 8 July, President Masa has announced ADB’s alignment with the Paris Agreement. ADB aims to align 100% of its sovereign operations and 85% of its nonsovereign operations by 1 July 2023. ADB’s nonsovereign operations will also have achieved 100% alignment two years later by 1 July 2025.
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While COVID-19 has resulted in severe global health and economic crises, it also presents an opportunity for a green, sustainable, and resilient recovery enabled by sustainable energy. The guidance note looks into how the energy sector is responding across the region and what more can be done. It also highlights how ADB’s support to the energy sector is helping its developing member countries recover from the pandemic and achieve sustainable development.
 
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UAS technologies such as drones are increasingly being used to automate the planning, building, and maintenance of energy facilities around the world. The effectiveness of UAS and digital technologies are transforming energy sector operations to be faster, safer, and more cost-efficient. This working paper introduces UAS and discusses the latest technological developments, current applications, and potential for adoption in ADB’s developing member countries.
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See how ADB supports a green, resilient, and inclusive recovery in the region, incorporating climate and environmental sustainability through the support from the Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility (ACGF) in this Q&A.
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Major multilateral development banks including ADB committed $66 billion in 2020 from $61 billion in 2019. Around $38 billion (58% ) has been committed for low to middle-income countries. This is according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance published on 30 June 2021.
 
Total cumulative MDB climate finance for the past 6 years has reached $257 billion, $186 billion of which was directed at low- and middle-income economies.
 
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ADBI’s Dina Azhgaliyeva, John Beirne, and Ranjeeta Mishra share their views on how best to fill the financing gap in renewable energy investments in the region in this blog. They assessed which among the different types of financing: asset finance, corporate research and development (R&D), public markets, and venture capital were proven to be the more effective drivers of private investment in renewable energy.

  

 

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