Live Breaking News & Updates on He Adb Committed To Stop Financing New Coal Power Projects In 2021 Yet

PHNOM PENH, Cambodia and MANILA, Philippines, Jan. 26, 2023 /PRNewswire/ Fair Finance Asia (FFA) and NGO Forum on ADB (the Forum) have released a new report, "The Asian Development Bank's Energy Transition Mechanism: Emerging Social, Environmental and Rights-Based Considerations." The report raises critical questions and concerns about the Energy Transition Mechanism (ETM), which is being advanced by the Asian Development Bank (ADB) as a market-oriented solution to accelerate the process of taking coal power off of national energy grids in specific Southeast, South and Central Asian countries and replacing it with other sources of power. FFA and NGO Forum on ADB (December 2022). The Asian Development Bank's Energy Transition Mechanism: Emerging Social, Environmental and Rights-Based Considerations. FFA and the Forum developed this report to serve as a source of key information for groups monitoring how the ETM is being operationalized, as well as for communities liv ....

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