Asian Development Bank should close its doors to all dirty energy
Climate groups and communities advocating against coal projects in the Asia-Pacific region have welcomed the Asian Development Bank’s (ADB) recent draft energy policy that aims to stop financing coal power and mining, and extraction activities for oil and natural gas. However, if not monitored closely, ADB could also be jeopardizing its own efforts by creating loopholes in its new policy that might still allow financing for fossil gas and other dirty energy facilities.