The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
The Asian Development Bank expects to step up its funding for the renewable energy sector, both sovereign and directly to the private sector. It is in discussions to channelise a credit line for energy efficiency. Pradeep Perera, Energy Head India, South Asia Department, Asian Development Bank, told BusinessLine that, “We …
Much of Asia may see 50 per cent more rainfall due to climate change, although countries like Pakistan and Afghanistan may experience a decline in rainfall by 20 to 50 per cent, says a new report by the Asian Development Bank (ADB) and the Potsdam Institute for Climate Impact Research. …
Renewable energy will form a core thrust of India’s INDCs, and also of the India specific country strategies of the World Bank and the Asian Development Bank. Speaking with the Department of Economic Affairs, Ministry of Finance, India, the author was informed of significant scale-up in the activities of both …
Climate change will bring soaring temperatures, more intense storms, erratic rainfall, plummeting crop yields and a collapse of coral reefs to Asia Pacific unless countries fully implement their commitments under the Paris climate pact, scientists said on Friday, calling the challenges “unprecedented”. The region’s future growth and security - as …
Greater thrust on use of public transport over private vehicles, e-mobility and use of waterways as means for mass transit "could prove game- changers" in addressing the issue of air pollution in urban areas, experts today said. The India centre of Manila-based global NGO Clean Air Asia has brought together …
Pakistan claimed on Monday that China has offered to make a dam project on the Indus River that India objects to, a part of the China-Pakistan Economic Corridor (CPEC)+ , said the state-run Radio Pakistan. The information about the project, the Diamer-Bhasha Dam, was conveyed by Pakistan's state-run power utility …
India has taken the lead in the renewable energy sector in the world with solar power at the centre of its renewable policy framework. The country is aiming to expand its renewable energy capacities to a record level making it the world's largest green energy producer nation. Union Minister of …
The Rs 800-crore hydro project, funded by the Asian Development Bank, will generate 322 million units (MU) per annum. Shimla: The 100 MW Sainj Hydroelectric Project being constructed by Himachal Pradesh Power Corporation Limited (HPPCL) in Kullu district would be commissioned partially this month, an official said on Monday. The …
Citizens have questioned the rationale behind the Karnataka Urban Development and Coastal Environmental Management Project (Kudcemp) in the city as preparations are under way to launch the second phase of works under the Asian Development Bank-funded scheme. Dakshina Kannada MP Nalin Kumar Kateel had earlier alleged that works under the …
Some 400 million people, a tenth of Asia Pacific's population, live on less than $1.90 a day - the global definition of extreme poverty - despite the region's impressive economic growth, the United Nations and the Asian Development Bank said on Wednesday. Taking into account wider indicators of poverty such …
The developing Asia needs around USD 1.7 trillion of investment per year till 2030 to keep its growth momentum going that will help the region reduce poverty and fight climate change effectively, Asian Development Bank (ADB) said today. "Developing Asia will need to invest USD 26 trillion from 2016 to …
India and the ADB today signed a $500 million loan pact to expand inter-regional power connectivity in the country, and strengthen transmission system to accommodate renewable energy-generation capacity. "Expansion of inter-regional connectivity enables bulk power transfer to the southern region which has, at times, been affected by power shortages. This …
The Asian Development Bank said on Monday it will provide a $167 million loan to Bangladesh to boost natural gas production and expand transmission infrastructure, part of a development project valued at $453 million in total. "The project will help the government address the country's energy crisis by making available …
Patna: In a major embarrassment to the state government, the State Level Environment Impact Assessment Authority (SEIAA) has charged Bihar State Road Development Corporation Ltd (BSRDCL) -- an execution wing of Road Construction Department (RCD) -- with submitting a ‘fake’ environment impact assessment (EIA) report while applying for environmental clearance …
The entire exercise could save energy to the tune of 3,800 gigawatt-hours per year Multilateral lending agency Asian Development Bank (ADB) on Monday said it will extend a $200 million loan to India for installation of energy-efficient home and street lights, and water pumps. The entire exercise could save energy …
The order entails the supply of 25 units of G114-2.0MW T106 turbine for the 50 MW project, which is scheduled for commissioning in March 2017, at Bijapur district in Karnataka Gamesa has bagged an order for a 50 MW turnkey wind project from ReNew Power, one of India’s leading renewable …
Economies in the Asia-Pacific region cannot sustain their present dynamic growth “unless water is brought into the equation” as the region faces a “crisis” in securing and managing the prime resource. A comprehensive report on water development in Asia-Pacific just released by the Asian Development Bank (ADB) says that it …
MANILA, 11th August, 2016 (WAM) The Asian Development Bank (ADB) has raised $1.3 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche 3-year and 10-year green bonds, following its inaugural green bond issue in 2015. "Scaling up climate financing is essential for the region …
At the United Nations Climate Change Conference in Paris in December 2015, 195 countries adopted the first universal global climate agreement which sets out a global action plan to combat climate change. The Paris agreement is anchored on the implementation between 2020 and 2030 of nationally determined contributions. Ahead of …
As per the agreement, Gamesa will supply 30 units of G97-2.0MW T104 turbine, which is scheduled to be commissioned by March 2017 Gamesa has received an order of 60 MW from ReNew Power Ventures Pvt Ltd, an independent power producer (IPP) company, under a turnkey arrangement. As per the agreement, …
