ADB ENERGY CAMPAIGN

Power Plant

 The Forum network takes the position that locking member countries into reliance on new fossil fuel infrastructure, subject to volatile international markets, is no less than an environmentally, socially, and economically irresponsible investment choice given the ADB's limited resources (both in terms of financing for direct projects and technical advice as well as intermediary financial support).

 

The network remains vigilant that the ADB will now target problematic projects such as large hydro, waste to energy incinerators, and geothermal for future finance. The Forum also advocates for restricting the criteria for financing Large hydro projects which have severe impacts on local communities in terms of displacement and environmental destruction.