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 is the recent findings of the Independent Evaluation Department (IED) of the bank’s energy investments. Zhai: “The low-carbon energy transition will be a big challenge in Asia because most countries have depended on fossil fuels for a long time—and coal in particular.” The IED [...]