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Asia – Pacific

G20 Summit Sends Positive Signal for COP27; Countries Announce Major Funding Package for Indonesia’s Energy Transition – EQ Mag

BALI, INDONESIA  : The G20 Leaders’ Summit in Bali, Indonesia, has come to a close with countries issuing an important declaration on climate change as the COP27 negotiations enter their final stretch. G20 countries reaffirmed the goals of the Paris Agreement, the need to address loss and damage, and keep the 1.5 degrees C limit […]

The power of the PPA: corporate renewable procurement sets a new record in Asia Pacific – EQ Mag Pro

As decarbonisation ambitions grow across the Asia Pacific region, soaring fuel and power prices have improved the competitiveness of corporate renewable power purchase agreements (PPAs) Corporations in Asia Pacific are set to contract a record 7 GW of renewable capacity in 2022. That’s an 80% increase on 2021 as markets emerge from pandemic-related disruptions. Demand […]

New ADB Program to Accelerate Development of Climate Projects in Southeast Asia – EQ Mag Pro

SHARM EL-SHEIKH, EGYPT : The Asian Development Bank (ADB) has approved a $15 million technical assistance program, supported by ADB’s own funds and the Green Climate Fund (GCF), to develop projects that promote climate change adaptation and mitigation in Southeast Asia. The new program, which was announced at COP27 in Sharm El Sheikh, will help […]

Lithium frenzy sees China ceramics hub refocus on battery metals – EQ Mag Pro

Here’s one other signal of the world’s lithium frenzy: Chinese factories that sometimes make ceramics for toilet tiles are switching to produce the electric-vehicle battery materials as an alternative. Lithium has turn into super-expensive this 12 months as automobile and battery producers scour the planet for scarce provides, and because the trade has hit limits […]

ADB, Indonesia Launch Study to Help Future Capital to Be Carbon Neutral – EQ Mag Pro

SHARM EL-SHEIKH, EGYPT : The Asian Development Bank (ADB) and the Government of Indonesia today launched a scoping study to map the pathway for the country’s future national capital, Nusantara, to identify, track, neutralize, and reduce carbon emissions. The assistance was announced at an event at COP27 and is aligned with Indonesia’s commitment toward its […]

More time to DGTR for completion of the anti-dumping probe on solar cell imports from China, 2 others

DGTR, an arm of the commerce ministry, has sought extension of time to complete the investigations, which was started on May 15, 2021. The finance ministry has given time till November 14 to the directorate general of trade remedies (DGTR) for completion of the ongoing probe against alleged dumping of solar cells from China, Thailand […]

ADB, EDC Sign Mandate for 2 GW Solar and Battery Storage Power Program in Cambodia

MANILA, PHILIPPINES: The Asian Development Bank (ADB) signed a transaction advisory services mandate with Cambodia’s national utility company Électricité du Cambodge (EDC) to support the development of 2 gigawatts (GW) of solar power in Cambodia. The mandate will help the country achieve its goal of carbon neutrality by 2050. Under this mandate, ADB will help […]

ADB and IFI Partners Launch Climate Finance Video Campaign Ahead of COP27

MANILA, PHILIPPINES: The Asian Development Bank (ADB) and other international financial institutions (IFIs) are for the first time launching a joint video campaign, “Investing for a greener world,” to showcase their role in facilitating climate change solutions, ahead of COP27. In addition to ADB, the group of IFIs includes the African Development Bank (AfDB), Asian Infrastructure […]