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 (ADB) has raised its estimated economic impact of climate change in Southeast Asia, saying greenhouse gas emissions in the region is now becoming “more serious.” According to an ADB Brief, which was presented at the leaders meeting in Paris, France, the Manila-based lender estimated that annual …
Hero Future Energies, ReNew Power and Reliance Cleangen reportedly considering this portfolio SoftBank, earlier keen to pick up stakes in the projects, has dropped out. Welspun Renewables was raising capital through equity sales, said a person close to development. Persons in the know said domestic and foreign companies were in …
Besides infrastructure development and mineral resources, Africa holds immense potential as a credible nuclear energy supplier as well, the study says Africa can be the answer to India’s rising energy demands, according to a study jointly done by KPMG and Confederation of Indian Industry (CII). Besides infrastructure development and mineral …
Chief Minister, Mufti Mohammad Sayeed chaired a meeting to discuss various options for treating waste by using latest technologies for cleaner and healthier environment. During the meeting, a presentation was also given on waste-to-value technology that makes garbage disposal not only scientific but a source of sustained revenue generation for …
The clean energy arm of Hindustan Powerprojects Ltd has become the first and largest Indian solar power player to enter the credit enhanced bond market having the issue fully underwritten by Yes Bank Ltd. With this, the clean energy arm is set to issue secured, rated, listed, and partially guaranteed …
The Asian Development Bank will soon provide debt finance for Sri Lanka’s wind energy program. The Asian Development Bank (ADB) has allocated $200 million to support the wind energy sector in Sri Lanka. The Bank would provide financial support by buying debt instruments issued in the national and international market. …
The Asian Development Bank (ADB) will extend a 3- million-U.S. dollar aid for Myanmar's flood relief efforts, an official report said Thursday. The grant will be issued from ADB's Asia Pacific Disaster Response Fund, which was established to meet priority need and restore live-saving services to communities affected by natural …
Climate change will affect water resources through its impact on the destabilisation of the water system in countries across the world, an Asian Development Bank (ADB) analyst has said. “Regional studies have shown that as climate change continues, we will often see its destabilisation effects to the world’s water system, …
A climate change expert has warned of the unpredictability of El Nino and its adverse impact on monsoon and agricultural operations, as well as the potential of hotter summers. Ancha Srinivasan, Principal Climate Change Specialist, Asian Development Bank, explained the seemingly moderate El Nino can gain strength and has potential …
El Nino effect being witnessed could strengthen at the end of this year to adversely impact the rabi season and cause heat waves during next year’s summer in India, said Asian Development Bank (ADB) Climate Change specialist Dr. Ancha Srinivasan. Dr. Srinivasan mentioned that the Pacific phenomenon is currently weak …
The multilateral development banks (MDBs) and IMF today signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector partners to help mobilize the resources needed to meet the historic challenge of achieving the Sustainable …
NEW DELHI: National Bank for Agriculture and Rural Development (Nabard) on Thursday got an accreditation from the Green Climate Fund (GCF) - a global multilateral fund that is meant to assist developing and poor countries in taking up their respective mitigation and adaptation measures to fight climate change. Accreditation to …
New stretches of rural roads are rapidly coming up in Chhattisgarh with massive funding support from the Asian Development Bank (ADB), officials stated. The ADB has provided lending support to Chhattisgarh for projects undertaken under Prime Minister’s Gram Sadak Yojana (PMGSY). The ADB had been helping to either construct or …
The developing nations in Asia-Pacific are projected to require US$400 billion to US$700 billion in annual investment in the energy sector over the next 25 years, and the Japan-led Asian Development Bank and the new China-led Asian Infrastructure Investment Bank will only be able to supply a fraction of that, …
State government abandons plan to divert water from the Chenab river Jammu is heading for a major water crisis in the coming years as the PDP-BJP government has almost abandoned the plan to divert water from the Chenab to meet the future demands of the expanding city. Sources said the …
Azerbaijan and the Asian Development Bank (ADB) signed on Tuesday a memorandum of understanding to invest $1 billion to modernise the country's energy system. Under the memorandum, signed as part of the ADP's annual board meeting in the Azeri capital Baku, the bank will allocate three tranches worth a total …
The State-run Himachal Pradesh Power Corp’s mega hydropower project, being funded by the Asian Development Bank (ADB), not only faces a cost overrun of Rs606 crore but may also become commercially unviable, India’s official auditor has said. The purpose of the ADB giving the grant under its Clean Energy Development …
ISLAMABAD: Pakistan is among the six countries of Asia selected by the Asian Development Bank (ADB) to scale up investments in urban climate change resilience, especially for the urban poor, it was learnt here on Wednesday. ADB under the Urban Climate Change Resilience Trust Fund (UCCRTF) will enhance investments across …
Asian Development Bank has become the first multilateral development bank accredited to receive financing from the Green Climate Fund (GCF) for projects to enhance climate change mitigation and adaptation in its developing member countries, the bank said in a statement yesterday. The GCF was established in 2010 under the United …
The US$17 million Forest Investment Program (FIP) funded by the Asian Development Bank (ADB) to help tackle deforestation and forest degradation in Indonesia is set to start in July, an official has said. “The FIP is funded by a $17 million grant from the Climate Investment Fund channeled through the …
