BusinessWorld May 9, 2021 | 7:32 pm REUTERS THE Asian Development Bank (ADB) said in its first energy policy draft that it will not be funding new coal-fired plants but will consider investing in eligible natural gas projects. âADB will withdraw from financing new coal power and heat plants,â the bank said in its policy draft which was posted on its website Friday. It added that it will not finance any coal mining, oil and natural gas field exploration, drilling or extraction. The ADB said it will support its member-countries by financing technologies which will control the emissions of their currently operating coal-fired power plants and district heating systems. But the bank clarified that it does not plan on participating in investments that modernize, upgrade or renovate coal-fired facilities âunless it is to re-engineer such plants for use of cleaner fuels, such as natural gas or renewable energy sources.â