ADB confirms coal pull out in new energy policy

ADB confirms coal pull out in new energy policy

The Asian Development Bank (ADB) has confirmed it will not provide any support for extraction and power projects in the coal and oil sectors, but will continue to allow some natural gas financing as it seeks to help transition the Asia Pacific toward renewable energy. The ADB’s board approved the multilateral development bank’s new energy ...

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The Asian Development Bank (ADB) has confirmed it will not provide any support for extraction and power projects in the coal and oil sectors, but will continue to allow some natural gas financing as it seeks to help transition the Asia Pacific toward renewable energy. The ADB’s board approved the multilateral development bank’s new energy ...