The projected growth rate of gross domestic product in Asia and the Pacific is the highest in the world at 3.5% per year through 2030, driving an increasing demand for energy. Asia and the Pacific's growth in energy demand is estimated at 2.4% annually through 2030, compared with the global rate of 1.5% for the same period.
ADB will continue to (i) introduce advanced technologies to increase energy efficiency in the region, (ii) increase the amount of renewable energy in the region's energy mix, and (iii) improve access to energy for poor and remote regions.
ADB has mainstreamed clean energy into its operations and has put in place a financing mechanism to buy down the cost of clean energy projects. ADB is also developing initiatives to rapidly diffuse low-carbon technologies in the region.