Reviewing ADBs Energy Policy to meet Paris Goal of 1.5 Degrees

While climate disasters are plaguing the world, ADB has spent roughly US$10 billion on fossil fuels under its 2009 Energy Policy. Considering ADB’s historical responsibility to the climate, the current Energy Policy review provides the opportunity to significantly shift its role as an Asian climate finance bank and help borrowing governments meet the Paris Agreement on Climate Change goal of limiting global temperature rise to 1.5°C. The NGO Forum on ADB will explore on the political appetite among donor countries for a fossil-free ADB and developing Asia, and unpack the pitfalls of false solutions in climate finance.


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ADB announces coal exit in draft energy policy

MANILA, May 7 -- The Asian Development Bank (ADB) through its draft energy policy announced today that it will not finance any coal mining, oil, and natural gas field exploration, drilling, or extract

NGO Forum on ADB

The NGO Forum on ADB is a network of civil society organizations (CSOs) that has been monitoring the projects, programs, and policies of the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). 


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