The latest Intergovernmental Panel on Climate Change report, Global Warming of 1.5 ºC, notes the importance of mobilizing green finance for limiting global warming to 1.5 degrees Celsius and preventing catastrophic climate change. In line with this, some countries have been implementing policies to support green bonds. Green bonds are debt securities whose proceeds are used […]
The Asian Development Bank (ADB) is expected to draw up a revised energy policy over the next 12 months toward helping member developing countries to “reduce dependence on coal fuel and eventually phase out coal,” just falling short of an outright ban on financing coal-fired power projects.
The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF) with €50 million ($54.9 million) to help governments prepare and catalyze public and private financing for climate-friendly infrastructure projects across Southeast Asia. Launched in April 2019 and managed by the Asian Development […]
Financial firms, including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed up the closure of Asia’s coal-fired power plants in order to reduce the biggest source of carbon emissions, five people with knowledge of the initiative said.
ADB, Infrastructure Asia agree to promote green finance for sustainable infrastructure in Southeast Asia
The agreement will allow ADB and Infrastructure Asia to help state-owned enterprises, regional and municipal governments, in Southeast Asia in improving their institutional, financial, and governance capacities for developing innovative and green infrastructure programs and projects The Asian Development Bank (ADB) and Singapore’s Infrastructure Asia today signed a cooperation agreement to help governments in Southeast […]
Manila: The Asian Development Bank (ADB) and Japan‘s Ministry of Economy, Trade and Industry (METI) have signed a memorandum of cooperation to enhance their joint efforts to promote clean energy in southeast Asia.
IndexBox has just published a new report: ‘World – Coal – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings. In 2020, the decline in the global coal market gathered momentum, against the Covid-19 pandemic. The low cost of natural gas, combined with the development of alternative energy sources […]
The Energy Ministry is ready to push forward five plans to promote the sector regionally at the 37th Asean Ministers on Energy Meeting (AMEM), scheduled for Sept 2-6 in Bangkok. Poonpat Leesombatpiboon, the ministry’s director for international affairs, said the five action plans are expected to be developed at the meeting. The priority plan is […]
At its 53rd Foreign Ministers’ Meeting last September, Asean, with the support of all member States, endorsed Italy’s candidature as a development partner, thus establishing the first formal link between Italy and the Asean family. It is a significant achievement, part of Italy’s closer engagement with the region.
All around Southeast Asia, experiments in the electrification of transport are underway. Buses in Thailand, cars in Malaysia, scooters in Myanmar, bicycles in Singapore, and jeepneys in the Philippines. But, as sea levels rise around the climate-vulnerable sub-region, what about transport of the seafaring variety? Hans van Mameren, a septuagenarian Dutchman who runs Singapore-based renewable energy […]