More than 60 Asian CSOs call on ADB to clarify details of its coal retirement mechanism

The Asian Development Bank (ADB) must delay soliciting financial support for its coal buy-out scheme in Southeast Asia at COP26 until it has addressed a number of practical concerns about this proposal, including the risk it could undermine an ambitious, swift, and just transition from coal in targeted areas, an alliance of non-governmental organizations from […]

Asian Countries Gear Up for COP26 Climate Summit

Asian leaders are heading to Scotland where COP26, the most important global summit on climate change since the one that produced the 2015 Paris agreement, opens this weekend, after being postponed last year by the coronavirus pandemic.

Are Southeast Asian nations meeting their climate commitments?

Southeast Asia is among the world’s most at-risk regions when it comes to the impact of global warming. The UN Intergovernmental Panel on Climate Change (IPCC) warned in its most recent report that the region is facing rising sea levels, heat waves, droughts and increasingly intense rainstorms.

ADB boosts 2019-2030 climate financing goal to $100 billion

The Asian Development Bank (ADB) will boost its climate financing goals by US$20 billion to a new target of $100 billion for the 2019-2030 period, and aims to launch its concept for retiring coal-fired power plants at the COP26 climate conference in Scotland next month, the lender’s chief said on Tuesday.