The Asian Development Bank, one of the major regional players in energy finance, is currently revising its energy policy — and could decide to end its fossil fuel financing. Two years ago the European Investment Bank cut ties with the fossil fuels industry, and the UK and US have since announced commitments to phase out financial support for fossil fuels abroad.
There’s real cause to believe the bank may change course. ADB management has conceded that its energy policy “is no longer adequately aligned with the global consensus on climate change, ongoing global transformation of the energy sector, and operational priorities of ADB’s new Strategy 2030.”
Take action now and tell the Asian Development Bank to pledge to cut ties with the fossil fuel industry by using the form on this page to send them an email.
Your message will be sent directly to ADB leadership ahead of the release of their new draft energy lending policy.