Nuku’alofa granted $6.8m to upgrade electricity network

The aid will help rehabilitate Tonga’s power lines to withstand extreme weather

Chinese finance platform fights air pollution

A green financing platform has been launched to improve air quality in the greater Beijing-Tianjin-Hebei (BTH) region. The China National Investment and Guaranty Corporation’s (I&G) scheme is supported by an Asian Development Bank (ADB) loan of €458 million (£402m). Around one million premature deaths are believed to be caused by poor air quality each year across […]

Green bonds issued to support Indian renewables

The Asian Development Bank (ADB) has issued green bonds to support climate change mitigation and renewable energy in India. It has already raised three billion Indian Rupees (£35.7m) from issuing the bonds, which will be channelled into the ReNew Clean Energy Project, a wind and solar power project across six Indian states. The bonds were distributed among […]

Asian Development Bank powered 100% by renewable energy

The headquarters of the bank that promotes social and economic progress in the Asia-Pacific region is now being powered fully by renewable energy sources. The Asian Development Bank (ADB), headquartered in the Phillipines, is now meeting all of its electricity needs generated by geothermal plants and an onsite solar power plant (pictured). It signed an […]

Asia Pacific will use more than half of world's energy supplies by 2035

Electricity consumption in Asia Pacific will double by 2035, with the region using more than half of the world’s energy supplies, according to a report released by the Asian Development Bank (ADB). That represents an increase in energy demand of 2.1% each year between 2010 to 2035, bringing total demand to around 7,600 million tonnes […]

Pakistani province plans 2GW solar project

A Pakistani province is set to have 2GW of solar power projects within the next two years following a new agreement signed recently. The Asian Development Bank (ADB) and the Government of Punjab agreed to co-operate in boosting renewable energy (pictured), with the ADB also pledging to help build coal, biomass, biogas and hydro energy […]

$66.7m for energy supply in Papua New Guinea

More households in Papua New Guinea (PNG) will soon have access to electricity, thanks to loans worth $66.7 million (£43m). The country signed two loans with the Asian Development Bank (ADB), which will help boost electricity access rates in Port Moresby to 74% and extend the city’s power grid to around 3,000 low-income homes. Xianbin […]

Indian renewable firm gets $30m for clean energy projects

An Indian private power company has secured an investment worth $30 million (£19.25m) for the development of wind and hydropower projects in the country. The agreement between the Asian Development Bank (ADB) and NSL Renewable Power Private Ltd (NRPPL) will support projects that will generate 530GWh of electricity and cut carbon emissions by 400,000 tons […]

China gets $200m for waste-to-energy plants

China is getting loans worth $200 million (£131m) to turn its cities’ waste into a sustainable source of renewable energy. The cash from the Asian Development Bank (ADB) will help small and medium-sized cities build at least nine plants capable of converting up to 6,300 tons of municipal solid waste daily into energy. The plants […]

Asian cities must go green or risk disaster

Asian cities must move towards green developments or risk natural disasters and environmental damages. The Asian Development Bank (ADB) made the comment in its new report, which highlighted the need for ‘green’ policies in Asian urban planning as it said a rise in pollution and economic and social inequalities are causing environmental degradation. The report […]