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    2021 Energy Policy of the Asian Development Bank: Supporting Low-Carbon Transition in Asia and the Pacific
    2021 Energy Policy of the Asian Development Bank: Supporting Low-Carbon Transition in Asia and the Pacific
    2021 Energy Policy of the Asian Development Bank: Supporting Low-Carbon Transition in Asia and the Pacific
    Ebook102 pages1 hour

    2021 Energy Policy of the Asian Development Bank: Supporting Low-Carbon Transition in Asia and the Pacific

    By Asian Development Bank

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    About this ebook

    The new Asian Development Bank (ADB) Energy Policy, approved in October 2021, guides ADB's energy sector operations to support energy access improvement and low-carbon transition in Asia and the Pacific. It is consistent with ADB's Strategy 2030, the Sustainable Development Goals, and the Paris Agreement on climate change and anchored on five principles: (i) securing energy for a prosperous and inclusive Asia and the Pacific; (ii) building a sustainable and resilient energy future; (iii) supporting institutions, private sector participation, and good governance; (iv) promoting regional cooperation and integration; and (v) maximizing development impact through integrated cross-sector operations.
    LanguageEnglish
    PublisherAsian Development Bank
    Release dateJun 1, 2023
    ISBN9789292701970
    2021 Energy Policy of the Asian Development Bank: Supporting Low-Carbon Transition in Asia and the Pacific

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      Book preview

      2021 Energy Policy of the Asian Development Bank - Asian Development Bank

      2021 ENERGY POLICY OF THE ASIAN DEVELOPMENT BANK

      SUPPORTING LOW-CARBON TRANSITION IN ASIA AND THE PACIFIC

      JUNE 2023

      Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)

      © 2023 Asian Development Bank

      6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines

      Tel +63 2 8632 4444; Fax +63 2 8636 2444

      www.adb.org

      Some rights reserved. Published in 2023.

      ISBN 978-92-9270-196-3 (print); 978-92-9270-197-0 (electronic); 978-92-9270-198-7 (ebook)

      Publication Stock No. SPR230214-2

      DOI: http://dx.doi.org/10.22617/SPR230214-2

      The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.

      ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.

      By making any designation of or reference to a particular territory or geographic area, or by using the term country in this publication, ADB does not intend to make any judgments as to the legal or other status of any territory or area.

      This publication is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess.

      This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB cannot be held liable for any claims that arise as a result of your use of the material.

      Please contact [email protected] if you have questions or comments with respect to content, or if you wish to obtain copyright permission for your intended use that does not fall within these terms, or for permission to use the ADB logo.

      Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda.

      Note:

      In this publication, $ refers to United States dollars.

      Cover design by Mike Cortes.

      On the cover: ADB Energy Policy. The Sri Lanka Wind Power Generation Project in Thambapavani Wind Farm, Mannar, Sri Lanka will help increase access to clean and reliable power (photo by Ceylon Electricity Board).

      All photos by ADB unless otherwise indicated.

      Contents

      Tables

      Foreword

      On 21 October 2021, the new Energy Policy of the Asian Development Bank (ADB) was approved, charting the path for energy sector operations along the aspirations of Strategy 2030 more clearly while also aligning these with the global commitments under the Paris Agreement and the Sustainable Development Goals.

      The 2021 Energy Policy comes at an opportune time when the world faces what could be considered the greatest challenge humanity needs to overcome—the battle against climate change, which could either be won or lost in Asia and the Pacific. The region contributes more than half of the global greenhouse gas emissions as most of its economies have just in recent history picked up on their respective growth trajectories. It also stands to be most at risk of the drastic effects of climate change. While at the crux of the climate conundrum, the region can be well poised to disengage economic growth from rising emissions, if it plays its cards well. This is where the 2021 Energy Policy of ADB strives to find its place in supporting its developing member countries in their bid to bring the region to net-zero emissions by 2050.

      There are Five Principles Set Forth by the 2021 Energy Policy to Guide ADB Energy Operations along this Path to Net-Zero:

      (i)securing energy for a prosperous and inclusive Asia and the Pacific;

      (ii)building a sustainable and resilient energy future;

      (iii)supporting institutions, private sector participation, and good governance;

      (iv)promoting regional cooperation and integration; and,

      (v)integrated cross-sector operations to maximize development impact.

      These principles are clear in their intent of pursuing the age-old goal of energy access for all, including the 150 million people in Asia and the Pacific without access to electricity. They speak of securing energy without having to compromise on sustainability and resilience. These objectives can only be achieved if everyone will work together and ensure that no one is left behind in the energy transformation.

      We hope the 2021 Energy Policy will be continually reviewed and updated to not only guide operations but

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