#ADB News
Policy & Finance
Price carbon at US$100 now and many transition financing mechanisms won’t be needed: Singapore central bank chief
Ravi Menon, who heads the Monetary Authority of Singapore (MAS), says that an appropriate carbon price will render blended finance and carbon credits to lower the cost of capital for energy transition projects in emerging markets unnecessary. He was speaking at the COP28 summit.
Carbon & Climate
How tech companies can fund and scale climate projects in APAC
EB Studio
Technology can play a crucial role in helping communities respond to climate-related issues. Google.org recently announced that it is committing another US$5 million to the AVPN's APAC Sustainability Seed Fund to support Asia-based non-profits to address key environmental challenges.
Policy & Finance
Can ‘transition credits’ make Asia’s early coal phase-out more economically viable?
Demand for the new class of carbon credits proposed by Singapore's central bank will depend on the integrity of projects, what they can be used for and how effectively risks are addressed, say investors.
The Asian Development Bank, which partnered Indonesia to launch its first coal retirement deal last November, said that completing one of these transactions is key to providing others with a model to follow.
Policy & Finance
Indonesia unveils initiatives to speed up its energy transition
#ADB Opinion
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.
Supporting natural gas projects hinders the deployment of clean and renewable energy solutions for developing countries. Instead, nations should receive help in phasing out fossil fuels in line with their climate targets.
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?
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
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
