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The technical assistance (TA) aims to accelerate the energy transition and enhance regional power trade in select Greater Mekong Subregion (GMS) and ASEAN countries under the ASEAN Power Grid (APG) initiative. It supports project preparation, knowledge sharing, and capacity development in Cambodia, Laos, Indonesia, Malaysia, China, the Philippines, Thailand, and Vietnam.
Develop a regional ecosystem in Southeast Asia to support climate technology incubation, acceleration, and growth for low-emission, climate-resilient development.
The technical assistance (TA) supports the development of diversified and responsible critical mineral (CM) and clean energy technology (CET) supply chains through knowledge solutions, policy dialogues, and capacity building for financing. It promotes regional integration, domestic value addition, and resilient supply chains, aligning with ADB's Climate Change Action Plan 2023-2030 and Strategy 2030.
ADB support to the development of inclusive, resilient, responsible, and sustainable critical minerals and clean energy technologies manufacturing supply chains in developing Asia and the Pacific strengthened.
The U.S. Trade and Development Agency (USTDA) signed a grant agreement with Indonesian national utility PT Perusahaan Listrik Negara (PLN) for a feasibility study to support of the development of two cross-border power interconnections between Indonesia and Malaysia. The project, which advances a key power sector objective for the Association of Southeast Asian Nations (ASEAN), will facilitate efficient resource sharing to help meet growing energy demands, enhance energy security, and implement policies for clean energy and climate protection goals in both countries.
1. Improve understanding of barriers to private sector development (PSD). 2. Strengthen stakeholder engagement to create a more supportive enabling environment for PSD, particularly in relation to climate change mitigation and adaptation. 3. D15 nhance coordination and coherence in the execution of ADB-supported upstream, midstream, and downstream PSD activities, aligned with climate change goals.
1. Chart a course for ASEAN’s sustainable finance efforts. It would establish a unified ASEAN vision for sustainable finance and serve as an overarching guide for all ASEAN Member States (AMS) in addressing the urgent need to foster an inclusive green transition which includes scaling up sustainable financing and accelerating towards Paris Agreement and 2030 Sustainable Development Goals. 2. Draw the attention of the ASEAN Senior Level Committee on Financial Integration (SLC), relevant ASEAN financial sectoral bodies, networks, initiatives, and other stakeholders to the key priorities of the sustainable finance agenda. The roadmap will also help inform the broader SLC agenda on climate and sustainability, future workplans of the SLC Task Force on Sustainable Finance (SLC-TF), and other relevant ASEAN work.
Bloomberg Philanthropies and the International Renewable Energy Agency (IRENA) announced a new COP28 partnership. This partnership aims to accelerate the deployment of clean energy and mobilize capital in emerging markets and developing economies. Bloomberg Philanthropies’ support will enable IRENA to advance efforts to drive the widespread adoption of renewable energy and reduce political, technical, and financial barriers to the energy transition by building capacities in Southeast Asia, Africa, and Latin America, strengthening project finance and preparation through the Energy Transition Accelerator Financing (ETAF) Platform , and facilitating private capital mobilization.