Tag: Asian Development Bank

Communities across Asia say development financing continues to favor corporate interests while deepening debt and climate risks

Civil society networks demand the ADB end support for waste-to-energy projects that deepen environmental harm and undermine climate action

Civil society warns ADB’s fast-tracked energy policy review could entrench fossil fuels, harm communities, and derail climate goals

The demonstrations called out the ADB for continuing to finance gas projects despite its commitment to support low-carbon transition

Among multilateral development banks, ADB stands out as one of the biggest lenders to the region's fossil fuel-dominated energy sector

Activists and civil society groups said ADB's proposed mechanism undermines “just energy transition” in the region

The groups warned the bank that it will be missing the critical 1.5 Celsius climate goal should it approve the "fossil fuel-friendly draft"

ADB and other key financial institutions earlier expressed intention to pursue a scheme to buy out coal power plants

Greenpeace says ADB's draft police "falls short and completely misses the mark in responding to this decade’s realities"

ADB has allegedly “opted to help build now thriving carbon-intensive energy systems" that cause global temperature rise