| Date: | April 2011 |
| Type: | Brochures and Flyers |
| Series: | In Focus |
Description
ADB supports energy efficiency measures and renewable energy to decrease the rate of climate change and increase energy security in Asia and the Pacific
Challenge
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.
Strategy
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.
Response
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.