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ADB's new energy policy runs 'short' on fossil-free goals - Vimarsana News

ADB's new energy policy runs 'short' on fossil-free goals

The Asian Peoples’ Movement on Debt and Development (APMDD) warned that while the Asian Development Bank (ADB) will no longer finance new gas and oil projects, the multilateral institution’s new energy policy may not lead to making developing Asia fossil-free. On Wednesday, ADB announced that it has approved the 2021…

ADB OKs energy policy to guide investments in next five years - Vimarsana News

ADB OKs energy policy to guide investments in next five years

THE Asian Development Bank (ADB) has approved its 2021 Energy Policy which will guide its investments in the sector at least in the next five years. In a presentation on Wednesday, ADB Energy Sector Group Chief Priyantha Wijayatunga said the main feature of the policy is the bank’s decision to…