WE ARE ASKING THE
ASIAN DEVELOPMENT BANK
TO GIVE US THE
SAFEGUARDS POLICY
WE DESERVE!
JOIN US!
Re: AIIB’s Virtual Consultation Sessions on the Energy Sector Strategy Update
Over the course of last week’s virtual consultations hosted by the AIIB on the Energy Sector Strategy Update, we hoped to join and engage in discussions in good faith. However, while we appreciate this gesture from the Bank towards expanding the process for public input on the Strategy Update, several key concerns – despite being raised consistently in writing and during online discussions – have yet to be addressed. As a result, following a collective deliberation, we are writing once again to highlight key issues of contention. With all due respect, we firmly reiterate our shared perspective that the consultation sessions as scheduled do not provide an opportunity for meaningful and inclusive dialogue between diverse sectors of civil society across the institution’s membership and the responsible Bank representatives – necessary not least because of the major implications on the future possibilities for just transition and the livelihood prospects of populations across borrowing nations of the Bank’s membership as well as meeting global climate ambitions.
Fair Finance Asia and the NGO Forum on ADB Jointly Launch a Report on the Asian Development Bank’s Energy Transition Mechanism
Fair Finance Asia (FFA) and NGO Forum on ADB (the Forum) launched a new report, “The Asian Development Bank’s Energy Transition Mechanism: Emerging Social, Environmental and Rights-Based Considerations.” The report raises critical questions and concerns about the Energy Transition Mechanism (ETM), which is being advanced by the Asian Development Bank (ADB) as a market-oriented solution to accelerate the process of taking coal power off of national energy grids in specific Southeast, South and Central Asian countries and replacing it with other sources of power.
NEW PUBLICATION OUT!
Fair Finance Asia (FFA) and NGO Forum on ADB (the Forum) launched a new report, “The Asian Development Bank’s Energy Transition Mechanism: Emerging Social, Environmental and Rights-Based Considerations.” The report raises critical questions and concerns about the Energy Transition Mechanism (ETM), which is being advanced by the Asian Development Bank (ADB) as a market-oriented solution to accelerate the process of taking coal power off of national energy grids in specific Southeast, South and Central Asian countries and replacing it with other sources of power.
FFA and the Forum developed this report to serve as a source of key information for groups monitoring how the ETM is being operationalized, as well as for communities living around, and working at, coal project sites selected for ETM implementation. As ADB advances plans to pilot the ETM in Indonesia, Philippines, Pakistan, and later Kazakhstan and Vietnam, the report reiterates key risks and concerns being raised by civil society, community, and workers’ organizations about the design and proposed implementation of the ETM.
