Asian Development Bank to end coal, oil and gas financing

2021-05-10T17:01:52+08:0008 May 2021|Tags: , , , , , , , |

Published by Nikkei Asia | May 8, 2021 | READ THE STORY HERE Environmental groups welcome move, but criticize it as a decade overdue SINGAPORE (Reuters) -- The Asian Development Bank will no longer finance coal mining or oil and natural gas production and exploration, it announced in a draft policy statement on Friday, a [...]

ICSC welcomes ADB push to end coal financing, but wary on gas stand

2021-05-07T18:33:18+08:0007 May 2021|Tags: , , , , , |

MANILA, 7 May 2021 — The Asian Development Bank (ADB) released today their draft energy policy, which aims to stop the bank’s financing of new coal power plants and support a rapid phaseout of coal among its developing member countries in the Asia Pacific region. The draft policy also calls for a “strong and flexible [...]

In policy tweak, ADB says to help DMCs cut coal use

2020-11-20T17:38:59+08:0013 Nov 2020|Tags: , , , |

Reposting from BusinessMirror By Cai Ordinario November 13, 2020 THE Manila-based Asian Development Bank (ADB) announced that it will be revising its energy policy to help its developing member countries (DMCs) reduce their dependence on coal. ADB’s Energy Sector Group Chief Yongping Zhai said part of the reason for the revision of ADB’s energy policy [...]

Cash, political will: Coessential tools vs catastrophic impact of climate change

2019-05-10T14:45:17+08:0009 May 2019|Tags: , , , , , , |

Reposted from BusinessMirror By Cai Ordinario - May 9, 2019 NADI, Fiji—The greenback may lead to greening the earth, so some believe. However, for experts at a conference here last week, money is just one of the weapons in this perennial contradiction of man against nature as the latter appears to have the upper hand. At [...]