Asean launches facility to mobilize US$1 billion for green infrastructure
Southeast Asian governments, the Asian Development Bank (ADB), and development financiers launched the Asean Catalytic Green Finance Facility, a new initiative to spur more than US$1 billion in green infrastructure investments across Southeast Asia. The launch ceremony was held in Chiang Mai, Thailand, on April 4 and was witnessed by Thailand’s Minister of Finance Apisak […]
ASEAN Needs A Green New Deal
Tropical cyclones that form over Southeast Asia’s Savu Sea do not typically hit land. But in early April, Cyclone Seroja created a path of destruction across Indonesian islands and East Timor. Within days, more than 200 people were dead or missing and 2,000 buildings damaged. Seroja is the latest reminder of Southeast Asia’s extreme vulnerability […]
Asean needs US$7tri of energy transition investments between 2018 and 2050 to achieve net zero emission: TNB chief
Asean will need US$7 trillion or US$220 billion annually to invest in energy transition (ET) between 2018 and 2050 in order to reach net zero carbon emission, Tenaga Nasional Bhd president and chief executive officer Datuk Baharin Din said.
ASEAN sustainable finance: A huge gap means a huge opportunity
The United Nations Sustainable Development Goals (SDGs) represent our best hope of tackling the most serious challenges facing our societies and our planet. At the recent World Economic Forum (WEF) Annual Meeting in Davos, the imminent need to tackle climate change and sustainability issues dominated discussions across all sectors with public, private and non-governmental organization […]
Asia’s Central Banks Must Rise to the Challenge of Climate Change
Climate change is already a reality. The deadly bushfires in Australia, ferocious flooding in Indonesia and extended droughts in Vietnam have led to the destruction of infrastructure, investments and livelihoods. Yet across Asia, acceptance of this reality has not yet changed consumer behaviors across the region.
Asia’s next clean energy battle isn’t in China or India. It’s in Indonesia
Southeast Asia’s largest economy and democracy is approaching a demographic shift. In the next 10 years, almost half of Indonesia’s population will enter the work force. Only three in 10 people will not be of working age by 2030. Conventional poverty rates are declining, millions are moving into cities each year. The island nation’s labour […]
Asian Development Bank supports Indonesia’s energy transition and praises its economic performance
JAKARTA, Feb 20 (Bernama): The Asian Development Bank (ADB) has pledged to continue its strong support for Indonesia’s energy transition initiative through its financial facilitation.
Asian Development Bank to stop financing coal plants
The Asian Development Bank (ADB) will stop financing new coal power plants under a draft energy policy released Friday, a move that was cautiously welcomed by environmental groups.
Asian Infrastructure Investment Bank commits US$100 million to ADM Capital’s latest renewable debt fund
Hong Kong-based private credit manager ADM Capital said it is raising a US$500 million debt fund focused on financing Southeast Asian renewable energy projects after bagging a commitment from Beijing-based Asian Infrastructure Investment Bank (AIIB) for US$100 million.
Attracting Private Financing for Green Projects Needs Concerted Efforts: HSBC
Jakarta. Sustainable finance, aka financial services that pay special attention to their environmental, social and good governance aspects, can reduce gaps in infrastructure financing—a constraint that has held back long-term growth in Southeast Asia, top executives at London-based lender HSBC said. In its Group Public Affairs Policy note distributed at the 23rd Asean Finance Ministers […]