New Climate Innovation Fund to advance clean energy in Southeast Asia

Bloomberg Philanthropies and Goldman Sachs have committed an initial $25m for the fund, which will be managed by the Asian Development Bank

Japan and ADB to promote clean energy in Southeast Asia

They will focus on the areas of renewable energy, energy conservation and efficiency as well as other technologies that will facilitate the transition to low carbon energy

New $231m loan approved for hydropower project in India

The Lower Kopili Hydroelectric Power plant, located in Central Assam, will have a total capacity of 120MW

ADB and IEA renew energy sector sustainability collaboration

The organisations intend to scale up efforts to advance progress on sustainability in Asia and the Pacific

Nepal granted $200m loan to modernise power supply systems

While Nepal has made significant progress in power supply after years of chronic electricity shortages, its transmission and distribution systems need to be further strengthened

‘Covid-19 could generate an extra 1,000 tonnes of medical waste in Asian cities every day’

Manila is expected to produce the most Covid 19-related medical waste, followed by Jakarta and Kuala Lumpur, among the five cities surveyed by the Asian Development Bank

New $570m plan for energy efficient homes in Mongolia

A third of the population live in urban ger areas, or settlements of low and middle income households, which suffer from poor sanitation and inadequate solid waste management

Fleet of low-emission buses rolled out in Kathmandu

They have replaced old and polluting microbuses and three wheelers and will be used on a pilot route

South Asia and Pacific to receive $80bn for climate action

Countries in the regions are said to be at the highest risk of plummeting into deeper poverty and disaster

Indonesia’s first utility-scale solar plants receive $40m investment

They will have a total capacity of 42MW