Sustainable Energy for All in Asia and the Pacific - Project Development and Investment Facilitation

Project Dates: January 2015 - December 2021

PROJECT OBJECTIVE

Asia and the Pacific is the region with the majority of the energy poor globally. The International Energy Agency estimates that around 600 million people or half of people without access to electricity globally live in the region. The region also has the highest number of people who are dependent on traditional solid fuels for cooking 1.8 billion out of a global total of 2.6 billion. Dependence on burning traditional solid fuels has dramatic impacts on the health of the people, particularly women and children. SE4ALL was launched by the United Nations Secretary General in September 2011 to achieve three inter-related goals by 2030: (1) Ensuring universal access to modern energy services; (2) Doubling the global rate of improvement in energy efficiency; and (3) Doubling the share of renewable energy in the global energy mix.

PROJECT DESCRIPTION

The Asia and the Pacific region faces the twin challenges of energy security and climate change challenges which ADB's 2009 Energy Policy discusses at length and outlines ADB's response of broadening support for, and accelerating development of, clean energy: renewables and energy efficiency. ADB, through its Clean Energy Program and Energy for All Program has been supporting its Developing Member Countries (DMCs) in promoting renewable energy, energy efficiency and energy access in terms of stakeholder engagement, capacity building, and investment facilitation. ADB's annual investment for clean energy has been over $2 billion since 2011. The TA aims to support the promotion of renewable energy, energy efficiency and energy access in ADB's DMCs in line with ADB's Energy Policy, and to achieve ADB's long term strategic goals of sustainable energy development. This includes, but is not limited to targeted support for development of road maps, investment prospectuses, projects identification and development, investment facilitation and information sharing in selected DMCs. By pursuing these targets, ADB will contribute to the achievement of the goals of the global Sustainable Energy for All Initiative (SE4ALL).