NGOs say ADB climate financing targets not ambitious enough

2021-10-19T23:15:19+08:0017 Oct 2021|Tags: , , , , , , , |

by Angelica Y. Yang | October 17, 2021 | Published by BusinessWorld | READ THE STORY HERE A network of civil society groups said the Asian Development Bank’s (ADB) updated climate financing target of $100 billion is “un-ambitious,” adding that the eligibility requirements for projects to be funded are vague. The banks’ new financing target [...]

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 [...]