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NGOs call on ADB to end fossil fuel loans amid climate reboot

NGOs call on ADB to end fossil fuel loans amid climate reboot
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Yongping Zhai (翟永平) | Asian Development Blog

Yongping Zhai (翟永平) | Asian Development Blog
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Yongping Zhai (翟永平)

Dr. Yongping Zhai worked on energy development in Asia and Africa for 25 years. He was in charge of overall energy policy coordination and technical support to ADB energy sector operations. He was also in charge of developing energy sector knowledge work for ADB and interacts with worldwide energy sector partners.

ADB promises to halt coal financing

53 views Philippine Daily Inquirer The Asian Development Bank (ADB) is mulling over helping wean developing countries from coal while also supporting gas-fired power generation as an insurance against the intermittent supply from renewables like solar and wind. The multilateral lender is currently updating its energy policy, which is scheduled for submission to the board of directors in the fourth quarter this year. Environmentalist groups have been pressuring the ADB to stop funding coal projects, while groups like the Institute for Climate and Sustainable Cities and the Center for Energy, Ecology and Development feel the bank s latest stance is half-baked. ADB s current energy policy was adopted in 2009.

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