Energy finance was another hot topic. As the bank reviews its Energy Policy, the stakes are high.
@petrakw.bsky.social: "This could be the new ADB President Kanda's moment to shine" 👉 linkedin.com/posts/petrakjell_last-week-i-attended-the-asian-development-activity-7328405191056121856-R8wO #ADBNews
On point piece by @350asia.bsky.social in @climatechangenews.com 👇
⛔ Fossil gas should be in the past
💚 The future is sustainable, decentralised, renewable energy systems
#ADBAnnualMeeting #ADBNews @adb.org
Upper case green text that reads “time to exclude fossil gas” on a green and blue gradient colour background
Technical assistance is a form of @adb.org funding that supports countries to prepare and put in place development projects, including on energy
Despite its commitments to the energy transition, the ADB is still supporting gas—a climate-busting fossil fuel—via technical assistance
#ADBNews
Technical assistance: A small share of Asian Development Bank financing, but a huge influence on economic policies and energy pathways in developing countries
It's time the @adb.org excluded #FossilGas from all forms of financing
Read the briefing 📑 bit.ly/ADB-TA25 #ADBNews
More 🧵
Black upper case text "safeguards must be more than checkboxes" on a pale grey background.
🚨 The Asian Development Bank's new safeguards claim to protect communities, but without:
❌ transparency
❌ accountability
❌ strong enforcement
...they’re meaningless.
@adb.org, communities deserve real justice and real reforms.
#ADBAnnualMeeting #ADBNews #NoMoreHarm
Policy recommendations for a just energy transition towards 100% renewable energy. Bullet point list on a grey background with a small green and yellow illustration of an arrow curving from CO2 to sun and wind power.
Policy recommendations for a just energy transition to build a democratic energy system. Bullet point list on a grey background with a small green and yellow illustration of a person, dollar symbol and community members.
Policy recommendations for a just energy transition: people and planet first. Bullet point list on a grey background with a small green and yellow illustration of three people inside a heart with solar and wind power icons.
The ADB is putting more money towards renewables, but this is overshadowed by high risks, loans & false solutions
We need 100% renewable, democratic energy systems with people & nature at the heart 💚
Analysis & methodology: bit.ly/BoR-25
Policy recommendations for @adb.org: see images
#ADBNews
Three bar charts for 2022, 2023 and 2024, showing the number of ADB approved projects per risk classification category. Heading reads "ADB investments marked by high project risk".
The ADB has increased investments in energy projects deemed highly risky for people & the environment.
Meanwhile, it is documenting less and less consultation with communities.
✋ The bank must live up to its own safeguards & standards
#ADBNews #AccountabilityInDevelopment
Three donut charts showing that loans dominate ADB energy investments from 2022 to 2024. Colours are grey, green and blue.
Asian Development Bank funding for #RenewableEnergy is loan-heavy, adding to debt burdens for developing, indebted countries.
94% of its energy finance over the last 3 years came as loans, with only 4% as grants!
We need more grant funding to enable just energy transitions.
#ADBNews #DebtJustice
Screenshot of fact sheet cover with the heading in bold and logos of co-publishing organisations. Pale yellow and turquoise gradient filter on an image of the Asian Development Bank offices in the background. Logo for the Banking on Renewables campaign.
The Asian Development Bank has committed substantial funding to renewables 💰, but much of this is high-risk or unclear projects, and may prolong fossil fuel reliance ⚠️
A new assessment of the bank's progress on the just energy transition is available now: bit.ly/BoR-25
#ADBNews
More in thread 🧵
Black upper case text on pale grey background image of smoking industrial stack. "False solutions delay real climate action".
A message for the Asian Development Bank annual meeting:
📢 @adb.org, Asia needs a REAL just energy transition!
✅ Community-led
✅ Human rights first
✅ No fossil fuels
⚠️ No false solutions—it's time for real action & accountability
#StopFundingFossils #BankOnRenewables
#ADBAnnualMeeting #ADBNews
black text "ADB NO TIME FOR DELAYS" on a pale grey filtered background image of a power plant
🚨 The Asian Development Bank claims to support a #JustEnergyTransition, but is it truly aligned with the 1.5°C goal?
Communities demand:
🔍 Transparency
⚖️ Accountability
🌱 Real solutions—NOT fossil gas or offsets!
It’s time for ADB to walk the talk.
#ADBAnnualMeeting #ADBnews @adb.org
Two young women at a protest in Manila, Philippines, hold yellow emoji banners in front of their faces showing a crying emoji and an injured emoji, as well as a square blue banner which reads "stop delaying accountability". There are lots of people and organisational banners in the background.
🚨Civil society groups are pressing for urgent reforms to the @adb.org Accountability Mechanism at its annual meeting this week.
Read the recommendations for strengthening the independence, accessibility and effectiveness of the AM
📩 re-course.org/newsupdates/...
#ADBNews #ADBAnnualMeeting
Photo of conference centre with a welcome banner for the Asian Development Bank annual meeting. The sky is blue and several people are walking into the centre.
We’re at the #ADBAnnualMeeting in Milan this week, calling for stronger accountability, an improved energy policy, and faster, fairer progress on a just energy transition.
Follow us & @rightsindevt.bsky.social for updates.
#ADBNews #JustTransition #StrongSafeguardsNow #AccountabilityInDevelopment
