Project Description

Asian Development Bank should close its doors to all dirty energy
Riedo Panaligan
MAY 2021
As one of the biggest financing institutions in Asia, the ADB holds great influence in the policy and economic programme of its members. Decarbonizing its carbon-intensive energy portfolio signals a clear message to other financing institutions and investors that the era of coal is nearing its end. However, ADB must stop contradicting itself. If it wants to follow through fully with helping the region achieve net-zero by mid-century, it must immediately shut its doors to all fossil energy. The expected release of the final energy policy by October this year would be the perfect opportunity to do so.