In Short : The Asian Development Bank approved a $500 million loan to support the Philippines’ climate action efforts. The funds will enhance disaster resilience, accelerate renewable energy adoption, promote green financing, and strengthen institutional capacity. Aimed at reducing climate vulnerabilities, the initiative aligns with the Philippines’ Paris Agreement commitments and ADB’s goal of fostering […]
PARLIAMENT QUESTION: Air Pollution caused by Stubble Burning – EQ
In Short : Stubble burning in Punjab, Haryana, and Uttar Pradesh significantly worsens NCR air pollution, releasing harmful pollutants. The government promotes Crop Residue Management (CRM) machines, provides subsidies, and conducts awareness campaigns to address this issue. Real-time satellite monitoring and penalties are enforced. Despite progress, challenges like high costs and logistical hurdles persist in […]
In compliance of the Hon’ble Supreme Court’s directives, CAQMrelaxes certain restrictions under Stage-III and Stage-IV of the Graded Response Action Plan (GRAP) – EQ
In Short : The Commission for Air Quality Management (CAQM), following the Hon’ble Supreme Court’s directives, relaxed certain restrictions under Stages III and IV of the Graded Response Action Plan (GRAP). GRAP addresses severe air pollution in the NCR with escalating measures. The relaxation reflects improved air quality and is part of efforts to balance […]
ADB Loan to Advance Power System Expansion and Renewable Energy Integration in Sri Lanka – EQ
In Short : The Asian Development Bank (ADB) has approved a loan to support Sri Lanka’s power system expansion and renewable energy integration. The initiative aims to modernize the power grid, enhance electricity access, and facilitate the incorporation of renewable energy sources. This project aligns with Sri Lanka’s goals to improve energy security, reduce carbon […]
ADB Launches Environment Action Plan to Boost Nature-Positive Investments – EQ
In Short : The Asian Development Bank (ADB) has introduced an Environment Action Plan to promote nature-positive investments across its operations. The plan aims to address environmental challenges by integrating biodiversity protection, climate resilience, and sustainable resource management into development projects. By fostering innovative financing and partnerships, ADB seeks to enhance ecological health, support sustainable […]
ADB Approves $7.85 Million Grant to Help Improve Fiscally Sustainable Growth in Samoa – EQ
In Short : The Asian Development Bank (ADB) approved a $7.85 million grant to boost Samoa’s fiscally sustainable growth. The funds will strengthen public financial management, enhance domestic revenue collection, and support economic reforms. This initiative aims to improve resilience, reduce aid dependence, and align with Samoa’s long-term development goals amid challenges like climate vulnerability […]
ADB Unveils New Framework to Enhance Social and Environmental Protections for Projects – EQ
In Short : The Asian Development Bank (ADB) has unveiled a new framework to enhance social and environmental protections in its projects. It emphasizes safeguarding vulnerable communities, promoting climate resilience, and aligning with global standards. The framework strengthens transparency, stakeholder engagement, and grievance mechanisms while supporting member countries with capacity building to ensure sustainable, inclusive, […]
ADB, Solomon Islands, Tonga Sign Agreements for Sustainable Energy Transition Projects at COP29 – EQ
In Short : At COP29, the Asian Development Bank (ADB) signed agreements with the Solomon Islands and Tonga to support sustainable energy transition projects. These initiatives aim to accelerate the countries’ shift toward renewable energy sources, reducing carbon emissions and promoting climate resilience. The agreements underscore a commitment to sustainable development and regional cooperation in […]
Norway to Join ADB’s First of Its Kind Article 6 Carbon Fund – EQ
In Short : Norway is set to join the Asian Development Bank’s (ADB) pioneering Article 6 Carbon Fund, which aims to help countries reduce carbon emissions through market-driven solutions. This fund, part of the Paris Agreement’s Article 6, promotes international cooperation in climate action. Norway’s involvement highlights its commitment to supporting global efforts for sustainable, […]
ADB, Tuvalu Commission Latest Achievements of Clean Energy Project in Funafuti – EQ
In Short : The Asian Development Bank (ADB) and Tuvalu’s government have made significant strides in clean energy in Funafuti. Their collaboration has led to the successful installation of solar power systems, reducing reliance on fossil fuels and enhancing energy sustainability. This initiative contributes to Tuvalu’s goal of achieving a low-carbon economy while addressing climate […]