700 million
people in Asia have no access to modern electricity
people in Asia have no access to modern electricity
$4.8 billion
been invested in ADB projects with clean energy components from 2008-2010
been invested in ADB projects with clean energy components from 2008-2010
71 million
tons of CO2 have been abated through ADB projects from 2008–2010
tons of CO2 have been abated through ADB projects from 2008–2010
With energy demand projected to almost double in the Asia and Pacific region by 2030, there is an urgent need for innovative ways to generate power while at the same time reducing greenhouse gas emissions. Compounding the problem is widespread energy poverty across Asia with almost a billion people still without access to electricity.
As many of ADB’s developing member countries (DMCs) forge ambitious plans to meet these challenges ADB is committed to helping them achieve access to clean energy for all.
The Asia-Pacific region is the global leader in clean energy development, but there is much more that can be done to raise the level of clean energy deployment.
From 1990 to 2009, ADB provided over $25.8 billion in assistance for energy projects, extending electricity and modern fuels to hundreds of millions of people in Asia and the Pacific. ADB’s updated Energy Policy aims to promote energy efficiency and renewable energy. Clean energy investments in 2010 reached $1.76 billion with access-to-energy projects exceeding $950 million, up from $418 million in 2009. Between 2003 and 2009 such assistance connected 1.27 million households to electricity. Improving access to cleaner, renewable sources of energy strengthens energy security in DMCs and is a key to mitigating climate change
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